Business Savings

Regular Savings Account Disclosure

No minimum initial deposit
No minimum number or amount of additional deposits.
Limited to no more than six (6) pre-authorized or automatic withdrawals/transfers per month.
No minimum balance requirement
- Balance less than $500.00 and six (6) or more withdrawals per month. $5.00 fee will be charged.
- A service charge of $2.00 will be imposed every calendar month if the balance in this account falls below $100.00 any day of the calendar month.

Variable Interest Rate - Interest Rate and Annual Percentage Yield may change anytime at our discretion.
Interest is paid on the collected balance plus the accrued interest that is unpaid, compounded daily using the Daily Balance Method and credited to the account semi-annually.
Interest is paid on the full amount, any accrued but not credited interest will be paid to the consumer.

"Daily Cut-off time" per business day: 3:00 p.m.

Statement Cycle: Semi-Annually

Minimum initial deposit: $2,500.00
No minimum number or amount of additional deposits.
Limited to no more than six (6) pre-authorized or automatic withdrawals/transfers per month.
Minimum balance requirement
- Below $2,500.00 interest is earned at Regular Savings rate.
- More than six withdrawals a month, a $5.00 per item maintenance charge will apply.
- A service charge of $2.00 will be imposed every calendar month if the balance in this account falls below $100.00 any day of the calendar month.

Variable Interest Rate - Interest Rate and Annual Percentage Yield may change anytime at our discretion.
Interest is paid on the collected balance plus the accrued interest that is unpaid, compounded daily using the Daily Balance Method and credited to the account monthly
Interest is paid on the full amount of the balance daily even though you might pay a maintenance charge.
Upon closure of the account, any accrued but not credited interest will be paid to the customer.

"Daily Cut-off time" per business day: 3:00 p.m.
Statement Cycle: Quarterly