Basic Business Checking
- Monthly statement frequency
- $100 minimum deposit
- No monthly fee
- Free incoming wires
Business Savings
- Interest earned on daily collected balances in excess of $250
- Interest-bearing account
- Interest is paid quarterly
- Monthly statement frequency
- Unlimited in-person and mail withdrawal debits
- Monthly limit of three debits by check and three debits by draft or point of sale
Account Analysis
- $250 minimum deposit
- Monthly statement frequency
- Receives credit on average collected balance to offset service charge
- $8.00 monthly fee + $.10 per transaction
- Earnings credit based on average yield of the previous month’s 90-day T-bill
Business Money Market
- $50 minimum deposit
- Interest earned on daily collected balances in excess of $2,500
- Interest is paid monthly
- Monthly statement frequency
- Unlimited in-person and mail withdrawal debits
- Monthly limit of three debits by check and three debits by draft or point of sale
Certificates of Deposit
- Available in a range of terms
- CDs are available for as little as $1,000
- Maturities typically vary from six months to four years
- Competitive interest rates
- Automatically renewable
- See your banker for terms and conditions
Business Loans
Simple interest; lots of options in repayment terms; prompt, local decisions.
Business Credit Line
Secured or unsecured revolving line of credit from $10,000 to $100,000 with a variable rate.
Business Secured Line of Credit
A revolving line of credit secured by the equity in a business holding of value such as a commercial building. Easy access by writing checks. Simple interest loan with low monthly payments. In addition, the interest may be tax-deductible. Normal credit approval required.
