Business Savings Account
Use your money to make more money.
Maximizing your money is what business is all about. So it makes sense to put your unused assets in an account where they can earn a good interest rate.
Plus, FDIC insurance means you can rest easy knowing your money will be there when you need it.
Building a Savings Plan.....Learn More
- Summary
- Interest earning
- 3 withdrawals a month, per withdrawal fee thereafter
- Free Online Banking
- Free monthly statements
- Free TeleBanc Phone Banking
- Automated teller access
- Electronic Funds Transfers
- Monthly fee waived on balances $300 and over
- Free Direct Deposit
- FDIC insurance
- $100 to open
- More Information
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Account Fees: A service fee is assessed monthly if the daily minimum balance falls below $300 any time during the month. A fee is assessed for each withdrawal or transfer exceeding three (3) per month.
Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Money Rates sheet. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account anytime. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded quarterly and will be credited to the account quarterly. If the account is closed before interest is credited, you will not receive the accrued interest.
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions from your account per month or statement cycle. Transfers and withdrawals made in person, by messenger, by mail, or at an ATM are unlimited.
