BUSINESS STATEMENT SAVINGS
Our Business Statement Savings account is a great way to save for your business. It only takes $25 to open and you’ll start earning interest right away. We’ll send you a detailed statement to help you keep track of your savings. Simply maintain a $100 minimum daily balance in the account to avoid a monthly maintenance fee of $2. Sole Proprietors can also take advantage of an ATM Card for this account. Variable interest rate. Interest accrues on daily collected balance. $0.25 per item deposited in excess of 30 items per month.
BUSINESS MONEY MARKET
The account that gives you greater earning power on your business’s hard-earned money. The more money you have in your account, the higher the interest rate. Start one today with as little as $1000. Variable and tiered interest rate. Interest is accrued daily on collected balance as simple interest and is credited monthly. $0.25 per item deposited in excess of 30 items per month. Minimum daily balance required to avoid $5 Monthly Maintenance Fee is $1000.
PUBLIC FUNDS MONEY MARKET
For governments and schools only. Our Public Funds Money Market is a great option to set money aside while having easy access to it when needed. $100 minimum deposit to open. Variable and tiered interest rate. Interest is accrued daily on collected balance as simple interest and credited monthly.
CERTIFICATE OF DEPOSIT
Don’t need access to your money for a predetermined period of time? Consider a Certificate of Deposit that pays a competitive rate. We’ve got variety of CD options to fit your needs and have choices for both businesses and public funds. Fixed interest rate. Penalty for early withdrawal.
CDARS AND ICS
Using the CDARS (Certificate of Deposit Account Registry Service) and ICS (Insured Cash Sweep) network, we will place your money at multiple banks in amounts under $250,000. Enjoy full FDIC insurance on deposit amounts larger than $250,000. CDARS deposits earn CD level returns and the value of your money can support local lending opportunities. ICS accounts provide the liquidity you need and can be established as a money market or a checking account.