Business Savings Accounts

 

Commercial Savings

Commercial MMDA

Public Funds MMDA

  • Variable rate interest bearing account
  • $100.00 minimum to open
  • 3 free withdrawals per month ($1.00 fee per withdrawal after 3)
  • Average daily balance below $100.00 incurs $3.00 fee 
  • Variable rate interest bearing account$1,500.00 minimum to open
  • 6 withdrawals allowed per month (3 free withdrawals, $2.00 per withdrawal after 3)
  • Balance below $1,500.00– $3.00 fee and interest reverts to Regular savings rate
  • Variable rate interest bearing account $25,000.00 minimum to open
  • 1 free withdrawal per month ($15.00 per withdrawal after 1, up to 6 per month)
  • Balance below $25,000.00 – Interest reverts to Regular Money Market rate 

Savings Rates

Rates are effective as of April 1, 2018.

Rate

APY

Regular Savings

0.20%

0.20%

MMDA (Under $1,500)

0.25%

0.25%

MMDA ($1,500-$9,999.99)

0.30%

0.30%

MMDA ($10,000-$24,999.99)

0.35%

0.35%

MMDA($25,000-$99,999.99)

0.40%

0.40%

MMDA($100,000-$249,999.99)

0.45%

0.45%

MMDA($250,000 & Over)

0.50%

0.50%

Diapers/Diplomas (Under$2,500)

0.40%

0.40%

Diapers/Diplomas (Over $2,500)

0.55%

0.55%

 

 

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