Business Savings & Money Market Accounts

$10

• You may make six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions (withdrawals/transfers) from your account per monthly statement period.

None if you maintain a daily balance of $200 each day of the monthly statement period – otherwise, it’s $2¹

You may make unlimited deposits to your account. You may make six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions (withdrawals/transfers) from your account per monthly statement period without incurring an excessive withdrawal fee.

• 7–31 Days: $20,000

• 32–89 Days: $5,000

• 90–179 Days: $2,500

• 180–364 Days: $1,000

• 1 Year or More: $500

After the account is opened, you may not make deposits into this account until the maturity date.

Withdrawals before the maturity date will be assessed a penalty as described below:

• Maturity term of 7-179 days: $50 plus simple interest on the number of days in the maturity term of the amount withdrawn.

• Maturity term of 180 days or more: $50 plus simple interest on the amount withdrawn.

• Withdrawal of Interest Prior to Maturity – The “Annual Percentage Yield” assumes interest remains on deposit until maturity and that a withdrawal will reduce earnings.

• Compounding and Crediting Frequency – Interest will be compounded daily and paid at least annually (unless otherwise designated on the CD Account Agreement).

•  Accrual of Interest on Noncash Deposits – Interest begins to accrue no later than the business day we receive credit for deposit of non-cash items (for example, checks).

•  Daily Balance Method Computation – We use the daily balance method to calculate your interest, applying a daily periodic rate to the collected balance plus earned interest.

• Automatically Renewable Time Account – This account automatically renews at maturity at the then current interest rate for the term selected. For CDs with terms of 15 days or more, you will have ten (10) calendar days from the maturity date to withdraw your funds without being assessed a penalty, or to notify the bank if you wish to change the rate and/or term of your certificate. For CDs with terms of 14 days or less, you can withdraw your funds on the maturity date without being assessed a penalty.

• CD Specials – If the Time Account is a “CD Special,” it will renew for the exact term originally purchased. If the original maturity term of the CD is one year or less, it will renew at the current interest rate for the one-year CD. If the original maturity term of the CD is more than one year, it will renew at the current interest rate for the next highest maturity term unless the original term is disclosed on the rate sheet.

$2,500

• Tiered interest rates, so the more you save, the more you earn.²

None if you maintain a daily balance of $2,500 each day of the monthly statement cycle – otherwise, it's $10.¹

None if you make six or less withdrawals/transfers per monthly statement period. Otherwise it’s $10 for each excessive transfer/withdrawal.

You may make unlimited deposits to your account. You may make six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts and debit card or other similar transactions (withdrawals/transfers) from your account per monthly statement period without incurring an excessive withdrawal fee.

$2,500

• A Business Checking account that automatically moves excessive collected balances into a linked Central Money Market Account to maximize earnings

• Funds sweep back into the Business Checking Account as needed to cover daily activity; on the sixth transfer in the monthly statement cycle, all remaining balances are swept back into the checking account and transfer activity is suspended for the remainder of the statement cycle

• You may make six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions (withdrawals/transfers) from your account per monthly statement period.

The Money Market Sweep feature fee is $10 per month, charged to the checking account. This account is not subject to a minimum balance requirement after account opening.

An excessive withdrawal fee of $10 for each withdrawal/transfer in excess of six per monthly statement period will be assessed.

You may make unlimited deposits to your account. Unlimited transfers are permitted from checking to the linked money market account. You may make six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions (withdrawals/transfers) from your account per monthly statement period without incurring an excessive withdrawal fee.

None

• Automatically invests excess investable balances in an overnight Repurchase Agreement – daily confirmation notices are provided, identifying assigned collateral and other information

• Interest is variable and based upon balance level maintained

• Simple interest is accrued daily and paid monthly

Funds invested in your Sweep Account are not deposits and, therefore, are not FDIC insured, but are collateralized by bank-owned government securities.

$75