Business Checking | Savings | Money Market
Business Checking |
| Account | Commercial Analysis Checking | Free Business Checking | Free Commercial Checking |
| Description | This account is right for larger businesses with more transactions | This account for sole proprietorships non-profit organizations and government entities | This account is for commercial businesses who want a simple, value-added checking account |
Fee Structure | ~ No minimum balance ~ $7.50 monthly charge ~ $.25 per withdrawal and $.06 per item deposited over 50 in a statement | ~ No minimum balance ~ No service charges ~ Unlimited deposits | ~ No minimum balance ~ No service charges ~ Unlimited deposits |
Additional Features | You will receive an earnings credit on your collected balance. It will be applied to reduce the total service charges. The earnings cannot exceed your total fees. | Interest is paid on balances greater than $1,000 | No interest paid |
Business Savings
Choose one of our convenient and flexible savings options
to help you reach your business goals.
Minimum opening deposit is $100
Up to six pre-authorized transfers, unlimited ATM and in-branch withdrawals; $1 per
debit over six during a calendar month
on the last day of the calendar quarter
No service charge unless balance falls below $100; then only $2.00 a month
Interest will begin to accrue no later than the business day we receive credit for the deposit of nancash items (for example, checks) into your account
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account daily.
Commercial Money Market (non-consumer)
This account offers the advantage of higher interest rates.
The rates are tiered to reward higher balances.
Minimum opening balance is $2,500
Unlimited deposits
Up to six pre-authorized withdrawals (no more than three by check); $5.00 per debit over six in a calendar month
Variable interest rate
$7.00 maintenance fee per month if balance falls below $2,500
