Business Savings
For complete listing of services, rates, fees, and restrictions, please contact any customer service representative.
Explore Business Savings Accounts
Regular Business Savings Account
| Opening Deposit |
Minimum Balance |
Monthly Service Fee |
Interest |
|---|---|---|---|
| $100 | $500 | $3 / Month $0 / $500* |
Yes |
- This account is not a consumer account subject to Truth in Savings.
- Monthly account service charge $3.00 (*To avoid monthly service charge, maintain a minimum monthly balance of $500.00).
- Frequency or rate changes: At our discretion, we may change the interest rate and annual percentage yield on your account at any time.
- Compounding and crediting frequency: Interest will be compounded daily. Interest will be credited to your account quarterly.
- Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
- Accrual of interest on non-cash deposits: Interest accrues on your daily available balance.
- If you close your account before interest is credited, you will not receive the accrued interest.
- Account closing fee $25.00, if closed within 181 days of opening.
- For additional fees, see Miscellaneous Fees and Charges.
Business Money Market Account
| Opening Deposit |
Minimum Balance |
Monthly Service Fee |
Interest |
|---|---|---|---|
| $100 | $2,000* | $8 / Month $2,000 / Min** |
Yes |
- This account is not a consumer account subject to Truth in Savings.
- *Minimum balance to obtain the annual percentage yield disclosed: Tiered rates based on balance.
- Monthly account service charge $8.00 (**To avoid monthly service charge, maintain a minimum daily balance of $2,000.00).
- Frequency or rate changes: At our discretion, we may change the interest rate and annual percentage yield on your account at any time.
- Compounding and crediting frequency: Interest will be compounded daily. Interest will be credited to your account monthly.
- Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
- Accrual of interest on non-cash deposits: Interest accrues on your daily available balance.
- If you close your account before interest is credited, you will not receive the accrued interest.
- Account closing fee $25.00, if closed within 181 days of opening.
- For additional fees, see Miscellaneous Fees and Charges.