Business Savings
Regular Savings
- Minimum Opening Deposit of $50.00
- Minimum balance to avoid imposition of fees – a maintenance fee of $5.00 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
- During any month, you may not make more than three withdrawals or transfers to another account of yours, or to a third party by means of a preauthorized, automatic, telephone, or computer transfer, or by check, draft, debit card, or similar order to a third party. If you exceed the third party limitations set forth above, your account will be subject to closure by the bank.
- 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.
- During any statement cycle, you may not make more than six withdrawals or transfers to another account of yours, or to a third party by means of a preauthorized, automatic, telephone, or computer transfer, or by check, draft, debit card, or similar order to a third party. If you exceed the third party limitations set forth above, your account will be subject to closure by the bank.
- A transaction fee of $12.50 will be charged for each debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account) in excess of one during a monthly statement cycle.
- Your statement will cycle on the 25th of the month
- Monthly statements, with images
