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BUSINESS SAVINGS ACCOUNTS

REGULAR SAVINGS
  • Minimum Opening Deposit of $50.00
  • Minimum balance to avoid imposition of fees – a maintenance fee of $2.00 will be imposed every month if the balance in the account falls below $50.00 any day of the month.
  • Rate Information – Your interest rate and annual percentage yield may change at our discretion.
  • Compounding and crediting frequency – Interest will be compounded monthly and be credited to your account quarterly
  • Limited Transactions – Transfers from a Regular Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfers are limited to three per statement cycle or a fee of $2.00 will be imposed
  • Quarterly Statements

MONEY MARKET SAVINGS

  • Minimum Opening Deposit of $10,000.00
  • Rate Information – (This account has a three tiered rate feature) Your interest rate and annual percentage yield may change at our discretion.
  • Compounding and crediting frequency – Interest will be compounded monthly and be credited to your account every month
  • Limited Transactions – Withdrawals are limited to one per statement cycle or a fee of $12.50 will be imposed per transaction.
  • Transfers to another account or to third parties by preauthorized, automatic, telephone, or computer transfers are limited to one per statement cycle or a fee of $12.50 will be imposed.
  • Your statement will cycle on the 25th of the month
  • Monthly statements, with images
     

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