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Business Accounts
| Commercial
Checking Account |
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Non
interest bearing account, with a minimum opening deposit of $200.00.
No monthly service charge will be assessed if the balance maintains
a minimum balance of $1,000.00. If the balance falls below $1,000.00
any time during the statement cycle (monthly) the account will be
assessed a $6.00 service charge.
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| Commercial
Savings Account |
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Interest
bearing savings account, with a minimum opening deposit requirement
of $200.00. Interest compounds quarterly. An incremental service
charge will be assessed as follows:
| $1.00 |
if
the balance falls below $300.00 any time during the statement
cycle (quarterly). |
| $2.00 |
if
the balance falls below $200.00 any time during the statement
cycle. |
| $3.00 |
if
the balance falls below $100.00 any time during the statement
cycle. |
You
are allowed six withdrawals during a statement cycle (quarterly).
A $1.00 per item charge will be assessed for each item over the
six item limit.
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| Business
Money Market Account |
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Interest
bearing savings account, with a minimum opening deposit requirement
of $2,500.00. This account earns interest and is compounded monthly.
This account is limited to six withdrawals per month, with no more
than three withdrawals being made to third parties. If the balance
falls below $2,500.00 during the monthly statement cycle a service
charge of $10.00 will be assessed.
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| Commercial
Money Market |
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Interest
bearing savings account, with a minimum opening deposit requirement
of $10,000.00. This account earns interest and is compounded monthly.
This account is limited to six withdrawals per month, with no more
than three withdrawals being made to third parties. If the balance
falls below $10,000.00 during the monthly statement cycle a service
charge of $25.00 will be assessed.
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| Certificates
of Deposits (CD's) |
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The
bank offers many different CD's with varying maturities and rates.
The bank can customize a CD to meet your needs.
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*** Please
contact the Bank for any quotes on current rates and term structures for
any and all interest bearing accounts listed above.
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Equal
Housing Lender
