Business Rates

Business Account Rates

Effective 12/13/2019

Business Account Rates Table
AccountMinimum to OpenMinimum Balance to Avoid Monthly Service FeeMonthly Service FeeMinimum Balance to Earn APY*Interest RateAPY*

Savings and Money Markets **
Business Statement Savings$100.00$100.00$10.00$100.00.10.10
Business Money Market$100.00$1,000.00$15.00$100 - $4,999.99.10.10
    $5,000 - $9,999.99.10.10
    $10,000 - $24,999.99.15.15
    $25,000 - $49,999.99.20.20
    $50,000 - $99,999.99.25.25
    $100,000 - $249,999.99.30.30
    $250,000 +.50.50
Business Advantage Money Market$100.00$5,000.00$15.00$100 - $4,999.99.10.10
    $5,000 - $9,999.99.10.10
    $10,000 - $24,999.99.15.15
    $25,000 - $49,999.99.20.20
    $50,000 - $99,999.99.25.25
    $100,000 - $249,999.99.30.30
    $250,000 +.50.50

Checking
Sole Proprietor / Non Profit Checking$25.00NoneNone$100.00.05.05
Business Power Package Account$25,000.00$20,000.00 Sweep (Plus $5,000.00 in Power Package Checking Account)$20.00$20,000.00.75.75
Certificate of Deposit / IRA CDs
6 Month CD$500.00NoneNone$500.00.50.50
12 Month CD$500.00NoneNone$500.00.70.70
15 Month CD$500.00NoneNone$500.00.75.75
18 Month- Add On CD***$100.00NoneNone$100.00.80.80
24 Month Penalty Free CD $500.00 None None $500.00 1.00 1.00
30 Month CD$500.00NoneNone$500.001.091.09
36 Month CD$500.00NoneNone$500.001.241.25
48 Month CD$500.00NoneNone$500.001.341.35
60 Month CD$500.00NoneNone$500.001.591.60

*Annual Percentage Yield

A penalty may be imposed for early withdrawal on certificates of deposits

Fees may reduce earnings on accounts

Rates may change after account opening

**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

****New Money Only-Limited Time Offer