Business Rates

Business Account Rates

Effective 4/03/2020

Business Accounts Rates

AccountMinimum to OpenMinimum Balance to Avoid Monthly Service FeeMonthly Service FeeMinimum Balance to Earn APY*Interest RateAPY*
Business Statement Savings$100.00$100.00$10.00$1000.03%0.03%
Business Money Market$100.00$1000.00$15.00$.01 - $24,9990.01%0.01%
$25,000 - $49,9990.03%0.03%
$50,000 - $99,9990.03%0.03%
$100,000 and above0.05%0.05%
Business Advantage Money Market$100.00$5000.00$15.00$.01 - $24,9990.01%0.01%
$25,000 - $49,9990.03%0.03%
$50,000 - $99,9990.03%0.03%
$100,000 and above0.05%0.05%
Live.Work.Grow. Money Market
$.01 -$49,999.99.05%.05%
$50,000 - $99,999.99.10%.10%
$100,000 and above.25%.25%
Sole Proprietor / Non Profit Checking$25.00NoneNone$1000.01%0.01%
Business Power Package Account$25000.00$20,000.00 Sweep (Plus $5,000.00 in Power Package Checking Account)$20.00$200000.40%0.40%

Certificate of Deposit / IRA CDs

AccountMinimum to OpenMinimum Balance to Avoid Monthly Service FeeMonthly Service FeeMinimum Balance to Earn APY*Interest RateAPY*
6 Month CD$500.00NoneNone$500.000.55%0.55%
12 Month CD$500.00NoneNone$500.000.20%0.20%
15 Month CD$500.00NoneNone$500.000.20%0.20%
18 Month- Add On CD***$100.00None None$100.000.20%0.20%
24 Month CD Penalty Free$500.00NoneNone$500.000.30%0.30%
30 Month CD$500.00NoneNone$500.000.30%0.30%
36 Month CD$500.00None None$500.000.40%0.40%
48 Month CD$500.00NoneNone$500.000.55%0.55%
60 Month CD$500.00NoneNone$500.000.60%0.60%

*Annual Percentage Yield
A penalty may be imposed for early withdrawal on certificates of deposits- Fees may reduce earnings on accounts
**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