Business – Checking & Savings
Commercial Checking Account
- $15 monthly maintenance fee
- $0.16 per debit entry
- $0.40 per credit entry
- $0.11 per deposited item
Service charges incurred are offset by an earnings credit. Earnings credit calculated on the average collected balances maintained using the 90-day Treasury Bill rate.
Now Commercial Checking Account
- $13 monthly maintenance fee
- $0.20 per debit entry (after first 25 items)
- $0.20 per credit entry (after first 25 items)
- $0.10 per deposited item (after first 20 items)
$1,000 minimum balance is required to avoid the service charge.
Note: This account is available only to sole proprietors, non-profit agencies and public fund entities.
Commercial Money Market*
- $10 monthly maintenance fee
- $0.10 per deposited item (after first 20 items)
- Interest paid monthly according to the following tiers: (see Rates)
- $0 - $9,999
- $10,000 - $24,999
- $25,000 - $49,999
- $50,000 - above
$2,500 minimum balance is required to avoid the service charge.
Commercial Savings*
- $2 monthly maintenance fee
- $100 minimum balance is required to avoid the service charge.
A deposit of $100 is required to open all business accounts. Interest accrues daily and is paid on the last business day of the month. Interest rates are subject to change.
*Savings and Money Market Restrictions
- No more than SIX telephone transfers per month are permitted, three of which may be checks or electronic payments payable to a third party.
- IN-PERSON and ATM withdrawals are unlimited.
See Rates.
