BUSINESS SAVINGS ACCOUNT: 

Our Business Savings Account can allow you to earn interest on your excess funds. 

By maintaining a minimum monthly balance of $50.00 and limiting withdrawals to five (5) items per statement –No Charge. 

Federal Regulations limit you to 3 transfers or withdrawals to a third party, per statement cycle, by either ACH or debit card. 

Interest Rate is posted in the Lobby.  Interest will be compounded quarterly.  Interest will be credited quarterly to your account.   

If you close your account before interest is credited, you will receive the accrued interest.  We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.  Interest begins to accrue no later than the business day we receive credit for the deposit cash items. (for example, checks). 

If monthly statement balance falls below $50.00 there will be a monthly charge of $0.75.  For each withdrawal in excess of five (5) allowed, there will be a charge of $0.50. 

You must maintain a minimum balance of $50.00 in the account each day to obtain  the disclosed annual percentage yield.