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Business Products & Services
Business Regular Savings The Business Regular Savings Account is a convenient, interest bearing account, with easy access to your funds
INTEREST RATE The interest rate and annual percentage yield 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 quarterly statement cycle and will be compounded quarterly. 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 if a $100.00 minimum daily collected balance is maintained throughout the statement cycle.
STATEMENT CHARGES NO charge for quarterly 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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