Business Accounts
Rates effective 03/13/23
Type | Minimum Balance to Avoid Service Charge | Minimum Balance to earn Interest¹ | Interest² | APY³ | Charge Per Check Deposited | Monthly Service Charge | Additional Information |
---|---|---|---|---|---|---|---|
Business Checking with Interest |
N/A |
.01 |
.03% |
.03% | $.03 (On-Us) $.06 (other) |
$6 |
Earnings credit based on average collected balance.
A charge of $.15 per check written.
|
First Choice Checking for Small Business with Interest |
N/A |
.01 |
.03% | .03% | $.20 per item over 250 | $8 | Maintain $2500 minimum balance and the monthly service charge is waived.5 |
Business Savings |
$50 | $200.00 |
.05% | .05% | N/A |
$1 | Must maintain a minimum $200 balance to earn interest. Monthly service charges apply if balance drops below minimum balance required any day of the month. |
Wise Savings |
$50 |
Tier 1: $.01-$24,999.99 Tier 2: $25,000-$49,999.99 Tier 3: $50,000.00-$74,999.99 Tier 4: $75,000.00-$149,999.99 Tier 5: $150,000.00 + |
.09%
.21% .30% .40% .48%
|
.09%
.21% .30% .40% .48% |
N/A |
$1 | Interest paid on tiered balance. Monthly service charges apply if balance drops below minimum balance required any day of the month. |
Business Money Market Account | $2500 |
Tier 1: $.01-$24,999.99
Tier 2: $25,000-$74,999.99
Tier 3: $75,000.00-$149,999.99 Tier 4: $150,000.00-$249,999.99 Tier 5: $250,000.00 +
|
.09%
.30%
.40%
.70%
1.49%
|
.09%
.30%
.40%
.70% 1.50%
|
N/A |
$15 | Maintain $2500 minimum balance and the monthly service charge is waived.5 |
All Checking Accounts Offer: Online Banking, Bill Payment Services, Electronic Statements (eStatements), Debit Card4
Please see the Deposit Account Agreement & Disclosure for a listing of all terms and conditions. Fees could reduce earnings.
¹We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal balance in the account each day.
²Interest Rates are subject to change after the account is opened.
³APY= Annual Percentage Yield
4Platinum Debit Mastercard: Subject to approval.
5Monthly charge applies if balance falls below $2,500 any day of the statement cycle.
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