Business Savings Accounts

Money Market

• $2,500 minimum opening deposit


• Interest calculated daily and credited monthly


• No monthly maintenance fee unless daily balance falls below $2,500; then only $7


• An activity fee of $15 will be charged for each debit transaction in excess of six during a statement cycle


• Monthly statements

Money Market ADVANTAGE

• $25,000 minimum opening deposit


• Interest calculated daily and credited monthly


• No monthly maintenance fee unless daily balance falls below $25,000; then only $7


• An activity fee of $15 will be charged for each debit transaction in excess of six during a statement cycle


• Monthly statements

Business Statement Savings

• $100 minimum opening deposit


• No monthly maintenance fee unless daily balance falls below $100; then only $3


• An activity fee of $10 will be charged for each debit transaction in excess of six during a statement cycle


• Interest calculated daily and credited monthly


• Monthly statements

Business Certificates of Deposit (CDs)

• $500 initial deposit with the exception of the 13 month and 15 month which require $2,500, and the 25 month which requires $5,000


• Interest rate is fixed for the entire term of the certificate with the exception of all Bump-Up Certificate terms which are variable


• Interest is calculated daily and credited monthly


• Interest compounded in the account


• Certificates automatically renew at current interest rate if not redeemed at maturity


• Substantial penalty for early withdrawal (penalty does not apply to 30-day Certificates)

Business Retirement Account (IRA)

• Individual Retirement (IRA) Account


• Simplified Employee Pension (SEP) Account


• Traditional IRA