Business Checking, Savings & CDs

Keep your day-to-day operations running smoothly.

 

BUSINESS CHECKING

BUSINESS SAVINGS

  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 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            
ATM/Visa® Check Card            
Interest3      
Simple interest is credited monthly on daily collected balance
 
Interest is compounded daily, credited quarterly
 
Simple interest
 
Other Restrictions and Fees 50¢ per debit in excess of 100 per month4 15¢ per check paid 10¢ per check deposited 45¢ per deposit4 15¢ per check paid 10¢ per check deposited 45¢ per deposit4 $2 per debit in excess of 6 per quarter4 $10 per debit in excess of 6 per month1,4 Substantial penalties for early withdrawal
Minimum Balance
(to avoid monthly charge)
$2,500
minimum balance
None None $250
minimum balance
$2,500 minimum or $2,500 monthly average balance  
Service Charge $12 per month if balance falls below minimum $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 minimum $12 per month if balance falls below minimum  
1 Federal 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.
2 Investable 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.
3 Fees may reduce earnings on interest-bearing accounts.
4 See “Other Bank Services” for a complete list of fees. Rates, fees and account features are subject to change without notice.