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BUSINESS SAVINGS ACCOUNTS |
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Business Savings: This is an interest earning account that allows deposits and withdrawals. An initial deposit of $1,000 is required to open this account. The $15 per quarter maintenance fee is waived with a minimum daily balance of $1,000. The account allows up to nine (9) withdrawals per quarter. A processing fee of $15 is applied to each withdrawal that exceeds the quarterly limit. If the balance becomes zero, the account will be automatically closed. If the account is closed prior to the end of the month, no interest will be paid for the current month. A new account closed within 90 days is charged $25. This account is available to Sole Proprietorships, Partnerships and Corporations.
* We reserve the right to require 7 days prior notice to withdraw or transfer funds from the account. |
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