| ACCOUNT TYPE |
AVG. MONTHLY AVAIL. BALANCE |
MONTHLY MAINTENANCE |
INTEREST |
PENALTY |
MISCELLANEOUS |
Business Checking
Accounts |
Over |
$1,000 |
No Maintenance Fee |
No |
$10 service charge if account is closed within 1 year. |
|
| Under |
$1,000 |
$10 monthly maintenance fee and $0.50 per check charge |
| Business Money Market Accounts |
Over |
$1,000 |
No Maintenance Fee |
Yes, credited monthly. Special rates for collected balance over $15,000 and $25,000 |
$25 service charge if account is closed within 1 year. |
Accounts limited to 6 transfers per month, no more than 3 of which can be by checks. $1 per check for each additional check issued. |
| Under |
$1,000 |
$10 monthly maintenance fee and $0.50 per check charge |
| Business Savings Accounts |
Over |
$500 |
No Maintenance Fee |
Yes Credited Quarterly |
$10 service charge if account is closed within 1 year. $10 service charge for loss of passbook |
|
| Under |
$500 |
$5 quarterly maintenance fee |
| Certificates of Deposit |
Minimum |
$2,500 |
No Maintenance Fee |
Yes |
Early withdrawal penalty will be 1 month's interest for CD 12 months and under, 3 month's interest for CD over 1 year. |
|
