As a business owner, you know that rainy days can turn into torrential downpours without the right preparations. Our Business Savings account lets you build up your rainy day fund to handle setbacks, like a leaky pipe in your shop, with ease. Maintain just a $50 balance to avoid the low $1 monthly service fee. And access your account right from the office with free online banking.
Business Savings
Details
- Competitive interest paid quarterly
- Avoid the $1 monthly service fee by maintaining a balance of $50 or more
- 2 free withdrawals per month; $1 fee per withdrawal in excess thereafter
- Free online banking
- Free eStatements* sent semi-annually (June and December)
- $25 minimum deposit to open
Account Restrictions
Transfers or withdrawals from a savings account to (a) another account of the same depositor at our institution or to (b) a third party or an account of the same depositor at another bank, if made by preauthorized transfer, automatic transfer, telephone, fax or internet banking service and (c) transfers or withdrawals to a third party or to an account of the depositor to another account at another bank made by check, draft, debit card are limited to an aggregate total of six (6) per calendar month. There is no limit to the number of transfers or withdrawals from your savings account to repay loans at our institution or are made in person, by mail, by messenger or at an ATM. These transactions are considered made on the date the transaction posts and settles to your account, not the date the withdrawal request was initiated.
*Paper statements delivered by mail are available for $4.00 per statement. When the daily account balance is at least $10,000 or more each day of the statement cycle, the paper statement fee will be waived for that cycle.
