Business Accounts

Commercial Checking Account

Non interest bearing account, with a minimum opening deposit of $500.00. No monthly service charge will be assessed if the balance maintains a minimum balance of $500.00. If the balance falls below $500.00 any time during the statement cycle (monthly) the account will be assessed a $9.00 service charge.

Commercial Savings Account

Interest bearing savings account, with a minimum opening deposit requirement of $200.00. Interest compounds quarterly. An incremental service charge will be assessed as follows:

$1.00 if the balance falls below $300.00 any time during the statement cycle (quarterly).
$2.00 if the balance falls below $200.00 any time during the statement cycle.
$3.00 if the balance falls below $100.00 any time during the statement cycle.

You are allowed six withdrawals during a statement cycle (quarterly). A $1.00 per item charge will be assessed for each item over the six item limit.

Business Money Market Account

Interest bearing savings account, with a minimum opening deposit requirement of $2,500.00. This account earns interest and is compounded monthly. This account is limited to six withdrawals per month, with no more than three withdrawals being made to third parties. If the balance falls below $2,500.00 during the monthly statement cycle a service charge of $10.00 will be assessed.

Commercial Money Market

Interest bearing savings account, with a minimum opening deposit requirement of $10,000.00. This account earns interest and is compounded monthly. This account is limited to six withdrawals per month, with no more than three withdrawals being made to third parties. If the balance falls below $10,000.00 during the monthly statement cycle a service charge of $25.00 will be assessed.

Certificates of Deposits (CD's)

The bank offers many different CD's with varying maturities and rates. The bank can customize a CD to meet your needs.

 

* Please contact the Bank for any quotes on current rates and term structures for any and all interest bearing accounts listed above.

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