Business Checking, Savings & CDs
Keep your day-to-day operations running smoothly.
Business Checking |
Business Savings |
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|---|---|---|---|---|---|---|
| Small Business | Commercial | NOW | Savings | Money Market | Certificate of Deposit | |
| Account Description | Sole proprietors, DBAs and business owners with low transaction volumes | Business owners with high transaction volumes | Interest-bearing account for sole proprietors, escrow funds, public funds and pension funds | Interest-bearing account enabling businesses to save money for the future | Interest-bearing, tiered rate account for businesses, organizations, government agencies or associations 6 withdrawals per statement cycle1 | Interest-bearing term account ranging from 1 month to 5 years |
| Minimum to Open | $100 | $100 | $100 | $250 | $2,500 | $2,500 |
| Free Online Banking | Check | Check | Check | Check | Check | Check |
| Debit Card | Check | Not Available | Check | Not Available | Not Available | Not Available |
| Interest3 | Not Available | Not Available | Check Simple interest is credited monthly on daily collected balance |
Check Interest is compounded daily, credited quarterly |
Check Simple interest |
Check |
| Minimum Balance (to avoid a monthly charge) |
$2,500 minimum balance |
None | None | $250 minimum balance |
$2,500 minimum or $2,500 monthly average balance | Not Available |
| Service Charge Other Restrictions and Fees | $12 per month if balance falls below the minimum. $.50 per debit in excess of 100 per month. | $15 per month with an earnings credit based on the investable daily balance2 of the account | $15 per month with an earnings credit based on the investable daily balance2 of the account | $9 per quarter if balance falls below the minimum. $2.00 charge for each item over the allowed 6 withdrawals | $12 per month if balance falls below the minimum. $10.00 charge for each item over the allowed 6 withdrawals | Penalties for early withdrawal |
| Other Services | Merchant Credit Card Services, Night Depository, Automated Clearing House (ACH) | Merchant Credit Card Services, Night Depository, Automated Clearing House (ACH) | Merchant Credit Card Services, Night Depository, Automated Clearing House (ACH) | Merchant Credit Card Services, Night Depository, Automated Clearing House (ACH) | Merchant Credit Card Services, Night Depository, Automated Clearing House (ACH) | N/A |
1Federal Regulation D limits checks and other withdrawals to six (6) per statement cycle. Withdrawals include: transactions by telephone, overdraft, point-of-sale, automatic transactions, ACH and wire transfers.
2Investable Daily Balance is the collected balance of the account less applicable reserve requirements. All fees generated by the account are subtracted from the earnings credit. If the result is negative, the difference appears on your statement as a service charge. The earnings credit rate is set by the bank based on short-term interest rates and the prevailing FDIC insurance charge.
3Fees may reduce earnings on interest-bearing accounts.
See Other Bank Services for a complete list of fees. Rates, fees and account features are subject to change without notice.