Savings Account - Business

Features:
  • Minimum Deposit of $100.00 required for opening account.
  • There is a service charge of $1.00 for each withdrawal or transfer over 6 for each six months.
  • This is an interest bearing account.
  • Interest is paid quarterly.
  • Interest must exceed $1.00 to be paid.
  • If an account has no activity for a period of 1 year and has a balanceof $5.00 or less the service charge will be the remaining balance.
  • Debit Item returned due to NSF - Overdraft charge applies (see OTHER FEES)
  • Balances are FDIC Insured.
  • A statement is provided quarterly.

Benefits:
  • You may earn interest on balances smaller than other accounts will pay on.
  • This Account can be used t isolate funds for special purposes or anticipated expenses.
  • because of small balance requirments you can save and earn money despite moderate or irregular income.
  • Your money is safe because the federal government insures it.

Prospects:
  • Businesses.


Other fees may be charged on your statement:
See Other Fees
 

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