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Business Statement Savings
Premium Commercial Money Market
Certificates of Deposit

Current Rates

 

 



Business Statement Savings  

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  

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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Certificates of Deposit  

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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