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Business Products & Services
Business Interest Checking The Business Interest Checking Account is designed for the business customer who wants interest on their money and the flexibility to write checks.
INTEREST RATE The interest rates and annual percentage yields on this type of account will be based on the following balance levels:
Level 2 $1,000.00-$9,999.99 Level 3 $10,000 - $24,999.99 Level 4 $25,000 + The rates and yields will be disclosed by posting in the lobby of the bank and will change at the discretion of the bank from time to time. The initial interest rate will be disclosed when the account is opened.
BALANCE COMPUTATION METHOD The daily balance method is used to calculate the interest on this account. This method applies a daily periodic rate to the daily collected balance.
COMPOUNDING AND CREDITING Interest will be credited at the end of the monthly statement cycle and will be compounded monthly. An account closed before interest is credited will not receive accrued interest that has not yet been credited to the account. Interest begins to accrue no later than the business day the bank receives credit for the deposit of non-cash items.
ACCOUNT FEES NO monthly maintenance fee or per debit item charge if a $700.00 minimum daily collected balance is maintained throughout the statement cycle. If the balance drops below $700.00, the following fees will apply:
STATEMENT CHARGES NO statement charge for imaged statements
MINIMUM DEPOSIT TO OPEN ACCOUNT
All accounts and certificates of deposit are subject to the bank's Deposit Account Agreement and Disclosure, in effect from time-to-time. There may be additional charges and fees for services, as set forth in our Schedule of Service Charges and Fees.
For additional information on this account please contact a bank representative.
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Business Products & Services | American Eagle Club | Raymond James Financial Services Sign-In Cash Management | Sign-In Small Business Banking On-Line | Sign-In Household Banking On-Line American State Bank & Trust Company |
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