Business Saving Accounts

Open Account

• $2,500 minimum opening deposit
• Interest calculated daily and credited monthly
• No monthly maintenance fee unless daily balance falls below $2,500; then only $7
• Checks, debit card transactions and transfers from a Money Market account to another account or to third parties by preauthorization, automatic, telephone, or computer transfer are limited to six per statement cycle
• An activity fee of $15 will be charged for each debit transaction in excess of six during a statement cycle
• Monthly statements

Open Account

• $100 minimum opening deposit
• No monthly maintenance fee unless daily balance falls below $100; then only $3
• An activity fee of $10 will be charged for each debit transaction in excess of six during a statement cycle
• Checks, debit card transactions and transfers from a Statement Savings account to another account or to third parties by preauthorization, automatic, telephone, or computer transfer are limited to six per statement cycle
• Interest calculated daily and credited monthly
• Monthly statements

Open Account

• $500 initial deposit with the exception of the 13 month and 15 month which require $2,500, 25 month which requires $5,000  and special promotional rate CDs which require $10,000
• Interest rate is fixed for the entire term of the certificate with the exception of all Bump-Up Certificate terms which are variable
• Interest is calculated daily and credited monthly
• Interest compounded in the account
• Certificates automatically renew at current interest rate if not redeemed at maturity
• Substantial penalty for early withdrawal (penalty does not apply to 30-day Certificates)

• Individual Retirement (IRA) Account
• Simplified Employee Pension (SEP) Account
• Traditional IRA