Business Savings, Money Market, Certificates of Deposit and Cash Management Accounts
Business Savings Account
An interest-bearing account designed for businesses that want to earn the highest possible returns on limited amounts of available extra cash.
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- Minimum opening deposit: $0
- Minimum collected daily balance: $100
- Interest calculated: Daily
- Interest paid: Monthly
- Monthly maintenance fee: $5 if daily balance falls below $100
- Monthly transactions allowed: Federal Regulation D limits the total number of debits per month/cycle to a maximum of six.
- Excessive transaction fee: $2 per withdrawal, if more than 6 withdrawals per month
- 24-hour online access: Yes
- Online Banking: Yes
- Quarterly Statements: Yes
- And especially Remote Deposit Capture: Yes, please visit Remote Deposit link for more information
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