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Business Savings Accounts

Business Savings Accounts

Business Money Market Account

  • Minimum deposit required to open the account
  • Minimum daily balance required to avoid service fees
  • Accrual of interest on noncash deposits
  • Interest begins to accrue on the same business day you deposit noncash items (e.g., checks).
  • Interest compounds monthly.
  • Free Internet, Mobile and Telephone Banking

Commerical Investment (Money Market) Account

  • Minimum deposit to open an account - $10,000.00
  • You must maintain a minimum balance of $10,000.00 to earn interest on the account.
  • Minimum daily balance required to avoid service fees $10,000
  • Tiered-rate account
    • Tier 1 minimum daily balance of $10,000.00 but less than or equal to $24,999.99
    • Tier 2 minimum daily balance of $25,000.00 but less than or equal to $99,999.99
    • Tier 3 minimum daily balance of $100,000.00 but less than or equal to $199,999.99
    • Tier 4 minimum daily balance of $200,000.00 but less than or equal to $499,999.00
    • Tier 5 minimum daily balance of $500,000.00 but less than or equal to $749,999.00
    • Tier 6 minimum daily baalnce of $750,000.00 but less than or equal to $999,999.99
    • Tier 7 minimum daily balance of $1,000,000.00 or more
  • Accrual of interest on noncash deposits
  • Interest begins to accrue on the same business day you deposit noncash items (e.g., checks).
  • Interest compounds monthly.
  • Free Internet, Mobile and Telephone Banking

Business Statement Savings Account

  • Minimum deposit required to open an account
  • Minimum balance required to avoid service fees
  • Interest compounds monthly.
  • Accrual of interest on noncash deposits
  • Interest begins to accrue on the same business day you deposit noncash items (e.g., checks).
  • Free Internet, Mobile and Telephone Banking

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