personal-loans

Accounts

Our Business Banking accounts allow you to choose an account that meets your business’s financial needs.

We offer free Online Banking and Bill Pay, free 24-Hour Telephone Banking, and free VISA Check Cards (surcharges apply when used at other institutions).

If you are not sure which account fits you best, contact us at one of our five locations and we will be glad to help you.

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Our Fee Schedule

Business Savings Account

  • Statement savings account designed for businesses that want to save for future needs.
  • Withdrawals limited to 3 per month.
  • Interest will deposited to the account semi-annually.

Interest Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Interest Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account weekly. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded semi-annually and will be credited to the account semi-annually.

Balance Information: We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum average daily balance of $100.00 to obtain the disclosed annual percentage yield.

Limitations: You must deposit $100.00 to open this account. Only three withdrawals are allowed per month. Any withdrawal in excess of three will be assessed a $3.00 service per withdrawal.

Account Fees: A maintenance fee of $4.00 will be imposed every statement cycle if the daily minimum balance for the statement cycle falls below $300.00.

Commercial Analysis Checking

  • An account designed for the business customer

Limitations: You must deposit $100.00 to open this account.

Account Fees: There will be a $17.00 monthly maintenance fee. We will charge the account for the services listed in the Commercial Analysis fees disclosure. In addition, we may charge for services listed in the miscellaneous fees disclosures. An earnings allowance will be calculated at the Fed Funds Rate published by the Federal Reserve Bank on the average collected balance less reserves. The reserve requirement equals 10% of the average balance in the account. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.  A $2.00 check imaging fee will be charged per statement cycle for check images.  You may contact the bank to discontinue this check imaging service and fee.

Small Business Checking

  • An account designed for our small business customers.

Limitations: You must deposit $100.00 to open this account.

Account Fees: A minimum daily balance of $1,500 is required. If you do not maintain this balance, a monthly service charge of $12.00 will be assessed. In addition, there is a 150 combined item allowance (debits and credits). All items over this limit will be $0.35 each.  A $2.00 check imaging fee will be charged per statement cycle for check images.  You may contact the bank to discontinue this checking imaging service and fee.

Business Super Now

  • An account which pays a competitive rate of interest with a limit of 100 combined items (debits and credits). Interest will be deposited to the account monthly.

Interest Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Interest Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account weekly. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations: You must deposit $100.00 to open this account.

Account Fees: A minimum daily balance of $2,500 is required. If you do not maintain this balance, a service charge of $15.00 will be assessed. In addition, there is a  100 combined item limit (debits and credits). All items over this limit will be $0.35 each.


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