Business Banking Services

 

 


Effective July 1, 2004



   

 

Business Checking Account

Minimum balance to open is $100.00.
No Service charge unless balance falls below $1,000.00, then a $10 charge.
First 50 items (checks and deposits) processed at no charge.
    Over 50 items the following charges apply:

        Items                  Fee

     51 to 125............$15.00
     126 to 200..........$25.00
     201 to275...........$40.00
     276 and above...$55.00

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Business N.O.W.
        (note:  Due to the FDIC rules and regulations, corporations and partnerships are not eligible for this account)

No Service charge unless balance falls below $2,500.00,
    then a $12 charge and no interest is paid.
Rate 0.5%, APY 0.5%
First 50 items (checks and deposits) processed at no charge.
   Over 50 items the following charges will apply:

        Items                  Fee

     51 to 125............$15.00
     126 to 200..........$25.00
     201 to275...........$40.00
     276 and above...$50.00

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Safe Deposit Box

      Size              Fee per year

      3 x 5 ............$25.00
      3 x 10 ..........$25.00
      5 x 10...........$40.00
     10 x 10..........$55.00

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Insured Money Market Deposit Accounts


Minimum balance to open is $2,500.00.
Immediate access to funds.
Unlimited deposits and over the counter withdrawals.
Up to six transfers at no charge, three of these may be checks.
Additional transactions $2.00.
Interest accrues from date of deposit.
Interest is paid on average daily balance, and is credited monthly.
If account is closed before interest is credited, no interest will be paid.
If balance drops below $2,500 there will be a $12 service charge.
Interest rate on this account is tied to wall Street prime.
2,500 and less than 10,000
10,0000 and less than 50,000
50,000  and above		 ......Variable Rate
......Variable Rate
......Variable Rate

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