|
| |
Business Savings
Account Description: A business savings account allows
a business to invest funds in an interest bearing account.
Requirements:
 |
Minimum deposit to open account - $100.00 |
Benefits:
|
Interest will be compounded daily and credited to
your account every quarter |
|
No quarterly service charge if daily balance is
kept at $300 or higher, otherwise a fee of $5.00 is assessed. |
|
Automatic transfers can be set up between savings
and checking accounts |
Withdrawal Limitations:
|
Transfer from a Savings Account to another account
or to third parties by preauthorized, automatic, electronic, internet,
telephone transfer or in-person withdrawal are limited to three (3) per
quarter. |
|
An excessive item charge of $1.00 will be charged
for each debit transaction (withdrawal, automatic transfer or payment
out of this account) in excess of three during a quarter.
|
|
| |
|
