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Business Checking


Basic business checking

Basic business checking account available to all business customers.
Minimum Investment: A minimum deposit of $500.00 is required to open a business checking account. A minimum daily balance of $500.00 must be maintained to avoid a $5.00 service charge.
Rate: Non-interest bearing account.
Benefits:

  • No per check paid fee
  • No per foreign check deposited fee
  • No per deposit fee
  • Funds are completely accessible simply by writing a check.
  • An unlimited number of checks may be written without a penalty.
  • Safe, easy way to pay bills.
  • Direct deposit available.
  • Debit card available.
  • Monthly statements.
  • Tie-in with statement savings accounts for one monthly statement.
  • FDIC insures funds up to $250,000.00.

 


NOW Checking

Basic interest bearing checking account. Available to all consumers 18 or older, sole proprietorships, nonprofit organizations and nonprofit corporations.

Minimum Investment: A minimum deposit of $500.00 is required to open a NOW checking account. A minimum daily balance of $500.00 must be maintained to avoid a $10.00 service charge plus forfeiture of interest.

Rate: The interest rate and annual percentage yield may change at any time.  [View Rates]

Benefits:

  • Interest bearing account
  • Funds are completely accessible simply by writing a check.
  • An unlimited number of checks may be written during the month without a penalty.
  • Safe, easy way to pay bills while earning interest.
  • Debit card available.
  • Direct deposit available.
  • Monthly statements.
  • Tie-in with statement savings accounts for one monthly statement.
  • FDIC insures funds up to $250,000.00


Money Market Deposit Account

Interest bearing checking account. The higher daily balance requirements earn higher rates than a regular interest bearing account.

Minimum Investment: A minimum deposit of $2,500.00 is required to earn the highest interest. A minimum daily balance of $1,500.00 must be maintained to avoid a $15.00 service charge plus forfeiture of interest.

Rate: The interest rate and annual percentage yield are subject to change at any time. Balances between $1,500.00 and $2,500.00 earn a lower rate of interest. Balance under $1,500.00 do not earn interest.   [View Rates]

Benefits:

  • Account is accessible without going to the bank
  • No limit on the number of ATM withdrawals, internal transfers or cash withdrawals conducted in person.
  • FDIC insures funds up to $250,000.00

Restrictions:

  • A limit of 6 transfers per month can be conducted on this account with regards to preauthorized or automatic transfers (ACH), third-party check, telephone, fax, point-of-sale, and internet banking system transactions. A fee of $15.00 will be charged every statement period if the limit is exceeded.

 


Interest On Lawyer's Trust Accounts (IOLTA) Checking

A checking account for attorneys to administer trusts funds. The interest earned goes to the state to subsidize legal fees for those who cannot afford attorneys.

Minimum Investment: No minimum deposit requirement. Interest earned is sent to IOLTA every month.

Rate: The interest rate and annual percentage yield may change at any time. Please contact a customer service representative for current rate information.

Benefits:

  • Interest earned is sent to IOLTA on a monthly basis.
  • No monthly maintenance fee.
  • No per check paid fee.
  • No per foreign check deposited fee.
  • No per deposit fee.
  • Funds are completely accessible simply by writing a check.
  • An unlimited number of checks may be written without a penalty.
  • Direct deposit available.
  • Monthly statements.
  • FDIC insures funds up to $250,000.00.

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