The Carroll Community Mastercard Check Card® gives you the convenience of a business credit card without the finance charges and monthly bills. Unlike a credit card, payments for purchases are automatically deducted from your primary business checking account, so it’s a safe and easy way to access funds you need without a lot of cash in your wallet.
Features:
- Automatically deducts funds from your business checking account – no need to write a check or wait for check approvals.
- No monthly payments or finance charges (unless you utilize an overdraft line of credit).
- No need to carry extra cash or keep a lot of petty cash on hand with millions of acceptance locations and ATMs worldwide.
- Get authorization for immediate shipment of any mail, phone, or internet orders.
- Set variable daily limits on purchases and cash withdrawals to protect account from fraud.
- Request extra cards for your employees with preset spending limits.
- Get a receipt with every purchase to better track spending.
- Set spending controls for employees.
- Reduces the need to use personal funds for business purchases.
- Receive detailed monthly bank statements for easy account reconciliation, expense reporting, and identification of tax deductions.
Business Deposit Rates
(Annual Percentage Yield)
| Savings and Money Markets ** | |
| Business Statement Savings | .10% |
| Business Money Market | .10% to .20% |
| Business AdvantageMoney Market | .10% to .20% |
| Checking | |
| Sole Proprietor / Non Profit Checking | .05% |
| Business Power Package Account | 0.75% |
| Certificate of Deposit / IRA CDs | |
| 6 Month CD | 1.00% |
| 12 Month CD | .35% |
| 15 Month CD | .40% |
| 18 Month- Add On CD*** | .70% |
| 24 Month Penalty Free CD | .50% |
| 30 Month CD | .50% |
| 36 Month CD | 1.00% |
| 48 Month CD | 1.15% |
| 60 Month CD | 1.50% |
| **Money Market and Savings accounts are limited to 6 third party transfers per statement period (telephone, internet, check, draft, POS, similar order are limited to 6 per statement cycle). There will be a $15.00 fee for excessive electronic or third party transfers.***18-Month Add On CD – may make additional deposits of a minimum of $10.00 | |
| ***18-Month Add On CD – may make additional deposits of a minimum of $10.00 | |