Business Checking
- Minimum Opening Balance - $200.00
- Balance required to avoid service charge - $500.00
- Monthly maintenance Fee - $12.50 (if during statement period the balance falls below $500.00)
- Statement Period - Monthly
- Balancing of Statement - No Charge
- Per Withdrawal Charge - $00.10 (when balance falls below $500.00)
- Check Reorder - Cost of check printing varies depending on the style of checks ordered
- Insufficient Funds Charge (per item) - $25.00
- Stop Payment Charge (per item) - $15.00
Regular Savings
- Minimum Opening Balance - $200.00
- Balance required to avoid service charges - $200.00
- Interest rate - See rate schedule
- Annual Percentage Yield (APY) - see rate schedule
- To obtain APY requires a $200.00 minimum balance
- Interest computation method - daily balance*
- Interest will be compounded - quarterly
- Interest will be credited - quarterly
- Interest will be accrued - daily
- On non-cash items, interest will begin to accrue on the next business day
- If you close your account before interest is credited, you will receive the accrued interest.
- Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
- Statement period - quarterly
- Monthly maintenance fee - $5.00 if balance falls below $200.00
- Transaction limitations - 3 free withdrawals each month. There will be an excess withdrawal fee of $3.00 for each additional withdrawal.
*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.
Money Market Savings
- Minimum Opening Balance - $2,500.00
- Interest will not be paid if balance falls below - $2,500.00
- Interest rate - See rate schedule
- Annual Percentage Yield (APY) - see rate schedule
- To obtain APY requires a $2,500.00 minimum balance
- Interest computation method - daily balance*
- Interest will be compounded - monthly
- Interest will be credited - monthly
- Interest will be accrued - daily
- On non-cash items, interest will begin to accrue on the next business day
- If you close your account before interest is credited, you will receive the accrued interest.
- Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
- Statement period - monthly
- Transaction limitations - 3 free withdrawals each month. There will be an excess check charge of $3.00 for each additional withdrawal. If the balance falls below $2,500.00, no interest will be paid and a $20.00 charge will be levied.
- Bank reserves the right to require seven (7) days’ notice on withdrawals.
*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.
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