Business Savings Accounts
- Requirements:
- Must deposit $50 to open
- Must maintain a balance of $200 to avoid service charge fees. If daily balance falls below $200 a $9.00 per Quarter service charge will be assessed.
- Must maintain a balance of $200 dollars to obtain the disclosed annual percentage yield
- You may make six (6) transfers from your account each statement cycle. Transfer and withdrawals made in person, by messenger, or by mail are unlimited.
- If the account is closed before interest is credited, you will not receive the accrued interest.
- Benefits:
- Interest if the minimum required balance is met each quarter.
- Cost:
- A $2.00 charge per item will be imposed for transactions over the maximum of six (6).
