logo Business Interest Checking

General Terms

  • This account is available to any business entity (corporation, LLC, partnership, etc.).
  • Check images are returned in the monthly statement.
  • $8 monthly maintenance fee if the balance falls below $5,000 anytime during the monthly cycle.
  • 100 free transactions per monthly cycle then 4¢ per item.  Any debit, credit or check with a deposit counts as an “item” including electronic transactions (i.e. ACH or Internet).
  • Interest accrues daily at the highest tier available for entire collected balance.  
  • Annual Percentage Yield (APY) will be calculated and paid as follows:
 Collected Balance TiersInterest RateAPY 
 $0 -     $4,999  0.000.00% 
 $5,000 -   $49,999  0.1000.10% 
 $50,000 -   $99,999  0.1250.13% 
 $100,000 - $499,999  0.1250.13%* 
 $500,000 - And Above0.2500.25% 
 *for future interest break if rates ever improve 
  • Rates may change at anytime according to internal bank indexes.
  • The maximum FDIC insurance on this Business Interest account is $250,000.

Back to Comparison Table