Business Accounts

Business Checking

• Minimum Opening Balance - $200.00
• Balance required to avoid service charge - $200.00
• Monthly maintenance Fee - $12.50 (if during statement period the balance falls below $200.00)
• Statement Period - Monthly
• Balancing of Statement - No Charge
• Per Withdrawal Charge - $00.10 (when balance falls below $200.00)
• 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.