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Business Savings & Money Market Account

Business Savings Account

  • Competitive rates on daily balance of $100 or more
  • No limit on the number of over-the-counter deposits or withdrawals
  • Interest will be credited quarterly
  • Federal regulations limit (i) third party transactions (e.g., checks, drafts and debit card purchases); (ii) pre-authorized or automated transfers (including ACH and overdraft protection transfers); (iii) transfers made by personal computer (including online banking or bill payment services); and (iv) telephone transfers (including facsimile or data transmission) from your account to six per month. You may make unlimited withdrawals or transfers in person, by mail, or through an ATM. Continued third party transactions or preauthorized transfers, over the regulatory limit, will result in the savings account being closed or converted to a checking account.

How to Qualify for Business Savings:

  • Open with initial deposit of $100 or more
  • A monthly maintenance fee of $5 will be charged if the daily balance falls below $300

Stop by your local branch or call our Telephone Service Center at 800-438-2265, Option 5 for more information.


Business Money Market

  • Competitive rates and easy access to your funds with limited checking privileges
  • A monthly statement to provide information on account activity and interest earned
  • No limit on the number of over-the-counter deposits or withdrawals
  • TIERED MONEY MARKET interest rates on daily balances of $1,000 or more
  • Federal regulations limit (i) third party transactions (e.g., checks, drafts and debit card purchases); (ii) pre-authorized or automated transfers (including ACH and overdraft protection transfers); (iii) transfers made by personal computer (including online banking or bill payment services); and (iv) telephone transfers (including facsimile or data transmission) from your account to six per month. You may make unlimited withdrawals or transfers in person, by mail, or through an ATM. There is a per item charge, which is disclosed under each account type, for transfers or withdrawals over certain limits. Continued third party transactions or preauthorized transfers, over the regulatory limit, will result in the money market account being closed or converted to a checking account.

How to Qualify for Money Market:

  • Open with initial deposit of $1,000 or more
  • A monthly maintenance fee of $10 will be charged if the daily balance falls below $1,000

Stop by your local branch or call our Telephone Service Center at 800-438-2265, Option 5 for more information.


Business CD Accounts

Grow your money without the risk. Our Certificates of Deposit (CD) help you avoid volatility and locks you into a guaranteed rate. With no charges to open or maintain an account, your money works harder for you.

Additional Information:

  • Interest begins to accrue on the day the account is processed. Your application will be processed at the interest rate in effect on the day your application is submitted.
  • When your CD matures, you have a grace period of 10 calendar days to renew or close the account. We will send you a maturity notice before renewal.
  • Charges could reduce the earnings on your account.
  • A penalty may be imposed for early withdrawals.

Current Terms Available - 3 month, 6 month, 11 month, 12 month, 24 month, 36 month, 48 month, 60 month and 72 month.

Other CD products are available; stop by your local branch or call our Telephone Service Center at 800-438-2265, Option 5 for more information.