Business Savings & Cash Management

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Business Savings

  • $100 minimum deposit to open
  • $500 daily balance required to avoid $10 monthly service fee
  • Variable interest-bearing account compounded quarterly

Money Market Account

  • $2,500 minimum deposit to open
  • Variable interest-bearing account compounded monthly
  • $2,500 daily balance required to avoid $10 monthly service fee
  • Interest rate and annual percentage yield depend upon the applicable rate tier.  The corresponding interest rate is paid on the entire balance, depending on which tier the average daily balance is in:
    • Tier 1: $2,500-$24,999.99
    • Tier 2: $25,000-$249,999.99
    • Tier 3: $250,000+

Certificate of Deposit (CD)

  • $1,000 minimum deposit to open
  • Competitive, fixed interest rates higher than regular savings
  • A wide variety of terms (from 6 to 60 months)
  • Early withdraws subject to penalty*

*Early withdraws can result in penalties that vary by term of CD.  Contact any of our branches for detailed information.