Savings Account
Flexible enough to suit the way you do business
- $100 minimum opening deposit
- $3 monthly service fee waived with a daily balance of $500
- Compounded daily and paid to your account quarterly
- Variable tiered interest rates get higher as your balances grow:
$0 - $24,999
$25,000 - $99,999
$100,000 or more
- Unlimited deposits, limited withdrawals and transfers (see Account terms below)
- Free online banking
- Overdraft protection for your checking account with business savings (for sole proprietors)
- Free customer service calls
- Quarterly account statements
Account terms and conditions disclosure
Federal Regulation D requires banks to limit the way withdrawals may be made from a savings account. Preauthorized withdrawals (transfers by phone, wire or personal computer, overdraft protection, automatic payment, check) are limited to a combined total of six per account cycle. There is a $15 fee for each preauthorized withdrawal in excess of these limits. If withdrawal limitations are exceeded three times in 12 cycles the account will be closed or converted to a checking account.