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Business & Premium Savings

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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