|
Effective April 19, 2024
| Program | Minimum balance
to open account | Minimum balance
to avoid fees | Minimum Daily Balance to earn APY | APY* |
|---|
Business Deposit Accounts1,2,3
|
Business Money Market Account
|
$20
|
$1,000 |
$50,000.00 or more
$20,000.00
$10,000.00
$0.01
|
1.50%
1.00%
0.95%
0.90%
|
|
Business Statement Savings Account
|
$0
|
$10
|
$0.01
|
0.20%
|
*Annual Percentage Yield (APY) effective as of date above and subject to change without notice. APY assumes interest remains on deposit for one year. Withdrawal of interest will reduce earnings. Interest is computed daily and compounded on a monthly basis.
IMPORTANT ACCOUNT INFORMATION
- Variable Interest - This means that the rate may change after the account is opened.
- Fees could reduce earnings on your account. Please refer to the Schedule of Account Fees – Business Accounts (pdf) or see a Bank employee for more information about terms and charges.
- You are permitted or authorized to make no more than six transfers and withdrawals, or a combination of such transfers and withdrawals, per statement cycle to another account at this Bank or to a third party by means of a pre-authorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, debit card, or similar order and payable to third parties.
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