Business Savings Accounts
| Account Type |
Minimum Balance
Requirement |
Monthly Account Maintenance |
Free Debits |
Features & Benefits |
| Money Market Business Savings |
$1,000 |
- No charge if balance remains above $1,000
- $5.00 monthly statement maintenance if balance falls below $1,000
- Federal Regulated Laws to Money Market Funds
- $1.00 per withdrawal over 6
- 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 |
6 |
Touch Tone 24 Hour Teller
ACH
Monthly Statement |
| Regular Business Savings |
$50 |
- No charge if balance remains above $50
- $3.00 per statement if balance falls below $50
- 10 free withdrawals per quarter. $.50 per withdrawals over 10
- 25 free withdrawals per quarter if average balance is greater than $2,500
- 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 charge if balance remains above $1,000
- Federal Regulated Laws to Money Market Funds
- $1.00 per withdrawal over 6
- 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 |
6 |
Interest subject to bid
Monthly Statement |
Subject to service charge if dormant over 6 months
|
