Business Savings
Competitive rates on interest-earning limited transaction account for businesses
• $100 minimum deposit to open
• Maintain daily balance of $100 to earn the posted Annual Percentage Yield
• No balance maintenance fee if daily balance is maintained at $100
(otherwise, $3.95 fee is assessed per statement cycle)
• Limit of 6 transfers, payments or withdrawals per statement cycle
• Excess debit (withdrawal) fee of $7.50 is assessed after limit is reached per cycle
• Interest compounds and credits account quarterly
• Quarterly statements
• Accrued interest is forfeited if account is closed before statement cycle.
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