Business Savings
Commercial
Savings - Rates
Board
|
Minimum
required to open |
$
200.00 |
|
Interest
Rate |
Rate
may be changes at our discretion. |
|
Interest will be compounded
daily and will be credited to your account quarterly. A minimum
daily balance of $200.00 must be maintained to obtain the above
interest rate.
|
|
MINIMUM
BALANCE TO AVOID LOW BALANCE FEE
|
|
If
the daily balance falls below $600.00, there will be a low balance
fee on the account. A fee will be assessed quarterly and the fee
will be determined as follows: |
|
Average
Daily Balance |
Fee
per quarter |
|
$
599.99 - 400.00 |
$
4.00 |
|
$
399.99 - 200.00 |
$
5.00 |
|
$
199.99 - or less |
$
8.00 |
|
Withdrawals
and transfers limited to 3 per quarter. Fee for excessive transactions
(each) |
$5.00 |
| |
|
Business Application. Complete and bring in to open the account.
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|
