Business Savings Accounts And Solutions

Feature Business Savings First Rate Money Market Business Certificate of Deposit (CDs)
Product Description Low balance, interest-bearing account 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 and $0.25/debit None if balance requirement is met;otherwise $5 and $0.25/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 state that during any calendar month you may not make more than six (6) withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.