The Business Savings account is a basic way to save money for wants, needs, or goals. Interest is accrued daily and compounded quarterly.
|Minimum balance to obtain APY**||$100|
|Minimum balance fee if daily balance falls below $100||$5/quarterly|
|Transaction fee if over 10 debits per quarter||$1/each|
|ATM Card*||No charge|
|Online banking||No charge|
Business Money Market Savings
The Business Money Market Savings account offers greater flexibility with your savings and you may earn a greater return on your deposits. Deposits of any amount can be made at any time. The minimum daily balance to avoid a monthly service fee is $1,000. You may earn more interest with a tiered interest rate structure.
|Minimum daily balance to obtain APY**||None|
|Service fee if balance fall below $1,000||$6/monthly|
|Limited to 6 electronic transfers and withdrawals per month by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction by check, draft, debit card, or similar order payable to third party|
|Checks clearing in excess of 6 per month||$6/each|
|Unlimited withdrawals in person||No charge|
*ATM card available to qualified customers. Transaction fees may apply.
**Annual Percentage Yield