The commercial savings account is an interest bearing account with no specific maturity date.

Features

• Minimum opening deposit of $100
• Quarterly statements are issued unless the account had electronic activity during the month
• Interest rates variable
• Interest is compounded and paid quarterly
• Funds are insured by FDIC up to $250,000 per account holder
• Free Online Banking
• Free E-Statements

Benefits

• This account is available to all commercial clients
• Convenient - you may open the account with $100 and add more later
• Record keeping is simplified
• Offers added security

Details

• Minimum opening deposit of $100
• Minimum balance fee of $2.50 will be imposed every month if the balance in the account falls below $100 any day of the month.
• Service charge of $3.00 for each additional withdrawal in excess of 6 per month.

Eligibility
All commercial clients such as sole proprietorships, partnerships, corporations and non-profit organizations.