Business Savings

Comparison Chart
ProductBusiness SavingsBusiness Money MarketBusiness CD
Minimum Opening Deposit

$100

$2500 

$5001
$5,0001
$50,0001

Service charge3

A fee of $4 will be charged if your average daily balance falls below $100 per statement cycle

 

$1.00 service charge for each additional withdrawal after 6 per statement cycle

 A fee of $8 will be charged if your average daily balance falls below $2500 per statement cycle

 

$7.50 service charge for each additional withdrawal after 6 per statement cycle

None

Interest Bearing

Yes

Yes 

Yes1

Transaction Restrictions

Unlimited deposits and in-person transfers. Other transfers and withdrawals are limited.²

 Unlimited deposits. Transfers and withdrawals are limited.²

Withdrawals prior to maturity may be subject to penalty.

Other Available Services
Online Banking

Yes

 Yes

Yes

¹See current rate sheet for rates and terms. Interest begins no later than the business day we receive credit for the deposit.

²Regulation D limits certain types of withdrawal and transfer transactions you can make out of your savings account to a maximum combined total of six (6) per calendar month. Please refer to our Account Terms and Conditions for details.

3$4.00 dormant account fee per month after 13 months of no activity.