Business Savings


You can choose from a variety of savings account options that best fit your savings objectives and timeframes – Business Savings, First Rate Business Money Market or Certificates of Deposit. Each product offers unique features and interest rates.

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Business Savings SuiteBusiness SavingsFirst Rate Business Money MarketCertificates of Deposit (CDs)
Product Description Low minimum, interest-bearing savings Tiered, higher interest rate savings Higher rate time deposits with a fixed interest rate for a specified period of time
Minimum Opening Balance $50 $2,500 $1,000
Minimum Balance Requirement $50 $2,500 $1,000
Monthly Maintenance Fee None if balance requirement is met; otherwise $1.00 and $0.25 per debit None if balance requirement is met; otherwise $5.00 and $0.25 per debit None
Competitive Interest Rate Yes - variable rate Yes - variable, tiered rates Yes - fixed rate
Withdrawal Limit (6) per calendar cycle* (6) per calendar cycle* Any withdrawals made prior to maturity will be assessed an early withdrawal penalty
Check Writing Access NO Limited* NO
24-Hr Telephone Banking Access YES YES YES
Use for Overdraft Protection YES YES NO
eStatements Available Available Available
*Federal regulations limit pre-authorized withdrawals, telephone, and Internet transfers to six (6) per month.

 For more information, or to open an account, please contact a Personal Banker

Click here to check our current deposit rates.

 

 UNLAWFUL INTERNET GAMBLING NOTICE – Restricted transactions as defined in Federal Reserve Regulation GG are prohibited from being processed through this account or relationship.  Restricted transactions generally include, but are not limited to, those in which credit, electronic fund transfers, checks, or drafts are knowingly accepted by gambling businesses in connection with the participation by others in unlawful Internet gambling.