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.
- Minimum opening balance of $5,000.
- $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:
Rates effective as of
| Collected Balance
Tiers |
Interest Rate |
APY |
| $0 - $4,999 |
0.000
|
0.00%
|
| $5,000 - $49,999 |
0.000
|
0.00%
|
| $50,000 - $99,999 |
0.000
|
0.00%
|
| $100,000 - $499,999 |
0.000
|
0.00%
|
| $500,000 - And Above |
0.250
|
0.00%
|
- Rates may change at anytime according to
internal bank indexes.
- Maximum FDIC insurance is $250,000 per
ownership category.
Other Business Accounts Options