Business Savings Accounts

Business Savings Account

Requirements:

• Minimum balance to open - $25.00

Benefits:

• No quarterly service charge when average daily balance is above $500.00.

Cost:

• Less than $500.00 average daily balance - $7.50 per quarter

Limitations:

• You may make six (6) transfers/withdrawals from your account to a third party each four (4) week period. Transfers and withdrawals made in person, by messenger, or by mail are unlimited.
• There will be a $1.00 charge for each withdrawal/transfer in excess of 9 in a quarter.

 

Certificates of Deposit (CD)

Requirements:

• Minimum balance to open - $1,000.00

Benefits:

• We offer 6 month to 1 years CDs.
  
• Competitive Rates.

Cost:

• No Service Charge.
  
• Early withdrawal penalty is 30 days interest on the amount withdrawn on 6 month to 1 year CD’s