Business Savings Accounts

Statement Savings Account

• Minimum deposit to open of $50.00
• Interest credited quarterly with a minimum balance of $50.00
• No service fee with a minimum balance of $50.00; otherwise $6.00
• Limit of six withdrawals per quarter at no charge; $2.00 per withdrawal thereafter
• eStatements

Money Market Reserve Account

The Money Market Reserve Account is a unique account primarily designed to provide an alternative for customers to earn a higher annual percentage yield (APY) while still having availability of funds. The minimum deposit to open this account is $2,500. The Money Market Reserve Account has additional tiers to earn a higher rate of interest and APY based on the daily balance. A minimum balance fee of $15 will be imposed every statement cycle if the balance in the account falls below $2,500 any day of the month.

Features and Benefits

• Interest is compounded monthly and credited to the account monthly.
• Image statements are provided the end of each month.
• $2,500 is the minimum balance required in order to obtain the maximum APY.
• Balances below $2,500 earn interest at the current regular savings account rate.
• Six pre-authorized withdrawals are allowed per statement cycle.
• An excessive withdrawal fee of $15.00 will be imposed for each withdrawal that exceeds the limitation.
• Balances are tiered to earn a higher rate of interest.
• eStatements

*Contact us for current rates.