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Commercial Savings Account

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
  • Offers security through FDIC insurance
  • 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.