Checking & Savings

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Small Business Checking

Available to non-profits, municipalities, corporations and sole proprietorships. This non-interest bearing account is one of our most popular business accounts. There is no minimum deposit to open.

Business Checking Account

Available to non-profits, municipalities, corporations and sole proprietorships. This is a non-interest bearing account. Minimum deposit to open is $100.00.

NOW Checking Account

Available to non-profits, municipalities, and sole proprietorships. Not available to businesses. This is a non-personal, interest bearing account. Minimum deposit to open is $500.00.

Super Now Checking Account

Available to non-profits, municipalities, and sole proprietorships. Not available to businesses. This is a non-personal, interest bearing account. Minimum deposit to open is $2,500.00.

Money Market Deposit Account

Available to non-profits, municipalities, corporations and sole proprietorships. This is a non-personal, interest-bearing account. Minimum deposit to open is $2,500.00.

Cash Management Account

This account is available to any business account owner. The Cash Management Account is an interest bearing account. Minimum deposit to open is $50,000.

Overdraft Loan

This account is available to any business account owner. The Line of Credit may be attached to any checking account type. There is a $50.00 minimum monthly payment required.

Savings Account

Available to non-profits, municipalities, corporations and sole proprietorships. Minimum deposit to open is $100.00. This is an interest bearing account.

For a complete list of disclosures, click here.

Business Checking Account Definitions

Average Balance: the average daily balance of your account.

Float: when “foreign checks” (checks not drawn on our bank) are deposited, time is needed to collect these checks before the money is available for withdrawal. The average time needed for collection is presently one (1) day after the date of deposit.

Average Float: The daily average of deposits in the process of collection.

Reserve: All banks are required to maintain non-interest bearing reserves against their demand deposits (customer checking accounts).

Credit: An earnings credit is used to offset the basic service charge. The rate (presently 1.00% per annum) is calculated on the average available balance. The rate is subject to change. If a customer has a negative available balance, they will be charged the earnings credit rate plus 3% for the days when the available balance is negative.

Basic Service Charge: This is the charge assessed for handling your account if your credit is not sufficient to pay the entire service charge assessed.

In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006 and Regulation GG, this notification is to inform you that restricted transactions are prohibited from being processed through Commercial Accounts with our institution. Restricted transactions are transactions in which a person accepts credit, funds, instruments, or other proceeds from another person in connection with Unlawful Internet Gambling. Please contact one of our locations for more information.

 

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