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 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.