| Account Type |
Minimum Balance
Requirement |
Monthly Account Maintenance |
Free Debits |
Features & Benefits |
| Money Market Business Savings |
$1,000 |
- No Maintenance fee if balance remains above $1,000
- $5.00 monthly Maintenance fee if balance falls below $1,000
- Federal Regulated Laws to Money Market Funds
- $1.00 per check/debit fee over 6
- Federal Regulation D limits savings accounts to 6 transfers per month(calendar or statement cycle) by check, draft, debit card or other payment order to a 3rd party as well as transfers out by telephone, Internet or through an automated clearing house (ACH). |
6 |
-Touch Tone 24 Hour Teller
-ACH Monthly Statement |
| Regular Business Savings |
$50 |
- No Maintainence charge if balance remains above $50
- $3.00 Maintainence charge per statement if balance falls below $50
- $.50 Activity Charge per withdrawal over 10
- Federal Regulation D limits savings accounts to 6 transfers per month, of which only 3 can be by check, draft or debit card payable to third parties and 3 by pre-authorized ACH withdrawals |
10 |
-Touch Tone 24 Hour Teller
-ACH Monthly Statement
-Quarterly Statement |
| Public Fund Money Market Savings |
$1,000 |
- No Maintenance fee if balance remains above $1,000.
- $7.00 Maintenance fee if balance falls below $1,000.
- Federal Regulated Laws to Money Market Funds.
- $1.00 per check/debit fee over 6.
- Federal Regulation D limits savings accounts to 6 transfers per month(calendar or statement cycle) by check, draft, debit card or other payment order to a 3rd party as well as transfers out by telephone, Internet or through an automated clearing house (ACH).
|
6 |
-Interest subject to bid
-Monthly Statement |
