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Business Statement
Savings
Premium Commercial Money Market
Certificates of Deposit
Current
Rates
| Business Statement
Savings |
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With an opening deposit of $500 businesses can earn interest on
their savings at a competitive rate of interest.
- No monthly maintenance fee if the balance
remains above $500.
- Monthly maintenance fee will be charged if
the balance falls below $500 on any day of the month.
- A fee will be charged for each withdrawal
in excess of one per month.
- Interest will be compounded daily and credited
to your account monthly.
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| Premium Commercial
Money Market |
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A minimum opening deposit of $2,500 will open a Premium Commercial
Money Market, which earns a competitive rate of interest. Federal
regulations limit third party or pre authorized transfers to six
(6) per statement cycle, of which only three (3) may be made by
check or draft. A fee of $10.00 will be charged for each withdrawal
in excess of six (6) during a statement cycle.
The Premium Commercial
Money Market Account features:
- No maintenance fee with a $2,500 minimum
daily balance
- Interest will be compounded daily on collected
balances of $2,500 or more.
- Interest will be credited to your account
monthly.
- Tier I.........$2,500 to $24,999.99
- Tier II........$25,000 to $49,999.99
- Tier III.......$50,000 and up
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For longer term investments with higher yields, open a Certificate
of Deposit for as little as $500 for a specific period of time.
Rates vary according to the term selected, and you choose when interest
is paid: monthly, quarterly, semi-annually or at maturity. Certificates
of Deposit are subject to a penalty for early withdrawal.
Terms range from one
(1) month to forty-eight (48) months.
- Competitive rate of interest
- Automatic certificate renewal
- Certificates may be used as collateral on
loans
- Interest may be reinvested, deposited to
another account or paid by check
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