An easy, convenient mechanism for earning interest on unused balances while maintaining daily liquidity.
Business Savings Account
This is a basic savings account with a minimum balance of just $50. The interest rate is variable and at the discretion of the bank. Interest accrues daily and is paid to the account quarterly. A $5.00 fee will be imposed each statement cycle that the average minimum balance falls below $50.00
Business Money Market
Investors Fund Account
A minimum $1000 balance is required to open this account that will accrue interest daily on the current balance. The interest rate and annual percentage yield may change and is at the discretion of the bank. A service charge of $5 will be imposed each statement cycle if the balance falls below the minimum. During any calendar month, you may not take more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, or by check, draft, debit card or similar order to a third party. This is a Money Market Account and subject to regulation as such.