business
Deposit Accounts
Entrepreneur | Entrepreneur Plus | Small Business Checking Account | Business Checking | Business Statement Savings | Business Money Market | Business Platinum High Yield Money Market | Business Certificates of Deposit
Entrepreneur
NO
MINIMUM BALANCE REQUIRED. The Entrpreneur Account has been designed
for Sole Proprietors, Non-Profit Organizations, and Single Member LLC’s.
$0.15 per item charge over 75. The cost of each check order will depend
on the style and quantity ordered.
- 75 items per cylcle period*
- MasterMoney™ debit card
- Free 24-hour Internet Banking
- Free Telephone Banking
entrepreneur plus
$1,000.00 MINIMUM BALANCE REQUIRED for no monthly maintenance fee. If the balance falls below $1,000.00 there will be a $6.00 monthly maintenance fee. The Entrepreneur Plus Account has
been designed for Sole Proprietors, Non-Profit Organizations, and Governmental
Units. $0.15
per item charge over 75. The cost of each check order will depend on
the style and quantity ordered.
- 75 items per cylcle period*
- MasterMoney™ debit card
- Free 24-hour Internet Banking
- Free Telephone Banking
Small Business Checking Account
The Small Business Checking has been designed for any business. The cost of each check order will depend on the style and quantity ordered.
Average daily balance to avoid monthly service charge:
$1,000.00 with check image statement; or
$600.00 with check safekeeping
Service charges will be levied as follows:
$8.00 Monthly maintenance fee
$0.15 Charge per check written
$0.15 Charge per check deposited from other banks
- MasterMoney™ debit card
- Free 24-hour Internet Banking
- Free Telephone Banking
Qualifications: Account must have less than 250 items per cycle period.* If there are more than 250 items per cycle period there will be a $.15 per item charge for all items in that cycle period.
Business Checking Account
NO MINIMUM BALANCE REQUIRED. The Business Checking has been designed for any business. The cost of each check order will depend on the style and quantity ordered.
Service charges will be levied as follows:
| Check Images with Statement | Check Safekeeping | |
|---|---|---|
| Monthly Maintenance Fee | $10.00 | $6.00 |
| Charge Per Check Written | .12 | .10 |
| Charge Per Deposit | .15 | .12 |
| Charge Per Transit Item | .10 | .08 |
Earnings credit may be earned and applied to monthly service charges based on the following formula:
Average daily balance for cycle period |
|
|---|---|
Minus |
- Average daily float for cycle period |
Equals |
= Average collected balance for the cycle period |
Less |
- 10% reserve requirement |
Equals |
= Funds available for earnings credit |
Times |
x The earnings rate (90 day U.S. Treasury Bill rate as of the last Monday of each month) |
Divided |
÷ 365 (days in year) |
Times |
x Number of days in cycle period |
Equals |
= Earnings credit |
- MasterMoney™ debit card
- Free 24-hour Internet Banking
- Free Telephone Banking
business statement savings
$50.00 MINIMUM BALANCE REQUIRED to avoid a $1.00 monthly maintenance fee. Four free withdrawals per month. $.25 per withdrawal over four. Rate of interest subject to change at any time. Interest paid semi-annually.
- Free 24-hour Internet Banking
- Free Telephone Banking
business money market
$2,500.00 MINIMUM BALANCE REQUIRED for no monthly maintenance fee. If the balance falls below $2,500.00 there will be a $10.00 monthly maintenance fee. Limit 3 checks written per month and limit 3 pre-authorized or automatic withdrawals per month. Tiered interest rates. Rates of interest subject to change at any time.
- Free 24-hour Internet Banking
- Free Telephone Banking
business platinum high yield money market
$2,500.00 MINIMUM BALANCE REQUIRED. The Business Platinum High Yield
Money Market has been designed for businesses to maximize their earnings
on collected balances of $25,000.00 or more.
- $10.00 monthly maintenance fee on balances less than $2,500.00
- Limit 3 checks written and 3 pre-authorized or automatic withdrawals per month
- Tiered Interest Rate
- Free 24-hour Internet Banking
- Free Telephone Banking
Rates of interest subject to change at any time.
business certificates of deposit
$500.00 MINIMUM INVESTMENT. Terms ranging from 3 to 60 months. EARLY WITHDRAWALS SUBJECT TO SUBSTANTIAL PENALTY. Interest rate subject to change at maturity.
- Free 24-hour Internet Banking
* Item count includes checks written, deposits, deposited
items, ACH credits, and credits.
