Business Savings and Certificate of Deposit Products

** $10 excessive withdrawal fee for each withdrawal or transfer in excess of 6 during a month for all savings products.

Business Savings Deposit Products

Business Super Savings / Business Money Market Savings / Business High Yield Money Market Savings

Business Super Savings Account

• Interest-bearing account
• Minimum deposit of $500.00 to open the account
• $5.00 monthly service charge if account balance falls below $500.00 on any day of the month
• Minimum daily balance of $500.00 each day to obtain the disclosed annual percentage yield
• Interest will be compounded and credited to your account every quarter
• At our discretion, we may change the interest rate on your account
• If you close your account before interest is credited, you will not receive the accrued interest
• Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day
• Transfers from a Super Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer – including online banking transaction are limited to six per month. The account may be closed for repeated violations of excessive activity.
• $10 excessive withdrawal fee for each debit transaction in excess of six during a month

Business Money Market Savings Account

• Interest-bearing account
• Minimum deposit of $2,500.00 to open the account
• $15.00 monthly service charge if account balance falls below $2,500.00 on any day of the month
• Minimum daily balance of $2,500.00 each day to obtain the disclosed annual percentage yield
• Interest will be compounded and credited to your account every month
• At our discretion, we may change the interest rate on your account
• If you close your account before interest is credited, you will not receive the accrued interest
• Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day
• Transfers from a Money Market Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer – including online banking transaction are limited to six per month. The account may be closed for repeated violations of excessive activity.
• $10 excessive withdrawal fee for each debit transaction in excess of six during a monthly statement cycle

Business High Yield Money Market Savings Account

• Interest-bearing account
• Minimum deposit of $100,000.00 to open the account
• $25.00 monthly service charge if account balance falls below $100,000.00 on any day of the month
• Minimum daily balance of $100,000.00 each day to obtain the disclosed annual percentage yield
• Interest will be compounded and credited to your account every month
• At our discretion, we may change the interest rate on your account
• If you close your account before interest is credited, you will not receive the accrued interest
• Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day
• Transfers from a High Yield Money Market Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer – including online banking transaction are limited to six per month. The account may be closed for repeated violations of excessive activity.
• $10 excessive withdrawal fee for each debit transaction in excess of six during a monthly statement cycle

Business Certificate of Deposit Account

• Minimum deposit of $2,500.00 to open the account
• We offer a rewarding choice of short-, medium-, long-term investment options with terms ranging from 7 days to 5 years
• You will be paid the disclosed rate until first maturity
• Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day
• You may only make additional deposits into your account during the grace period
• Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty