Business Savings Accounts
- $200 minimum opening deposit
- Interest compounded daily and paid quarterly on this account
- Daily balance computation method used to calculate interest
- No service charge on accounts with a minimum daily balance of $200 or more during the monthly statement cycle
- For accounts not meeting either balance requirement, the low balance charge is $5 per month
- Transfers from a Business Savings Account to another account or third parties by preauthorized, automatic or debit card are limited to three per month
- The charge for each additional withdrawal after three is $5
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