Business Savings Accounts

Service Charge fee of $7.00 will be imposed every month if the balance in the account falls below $100.00 any day of the calendar month.

Fees: an excessive withdrawal fee of $3.00 will be charged for each withdrawal in excess of three (3) during a calendar month.
Transaction Limitations – Transfers from a Commercial Savings account to another account or to third parties by preauthorized, automatic, telephone or computer transfer are limited to six per month.
Violation of the transaction limitations may result in account closure.
Rate information – the interest rate and annual percentage yield may change at any time at our discretion.
Interest will be compounded daily and credited to the account each statement cycle. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Accrual of earnings credit on non-cash deposits – Earnings credit will begin to accrue on the business day you deposit non-cash items (for example, checks)