The Setting Up Your Commercial Account Brochure is a guide to make the account opening process simpler and quicker for our business customers. It explains the documentation requirements to open a business account.
Commercial Savings
Features:
- $100 minimum opening deposit
- Interest Bearing; No minimum daily balance required to earn interest
- Quarterly Minimum Balance Service Charge of $3 if the daily balance drops below $100 any day of the quarter
- May make 4 withdrawals each quarter at no cost; each subsequent withdrawal is $1
- Transactions in person, at a teller, and ATM are unlimited. Other transaction limits apply; refer to account disclosures. Excess transactions may require a change to another eligible account, closure of account, automatic limitation of transactions or removal of transfer capabilities.
Commercial Money Market
Features:
- $2,500 minimum opening deposit
- Interest Bearing; No minimum daily balance required to earn interest
- Monthly Minimum Balance Service Charge of $10 if the daily balance drops below $2,500 any day of the statement cycle
- Transactions in person, at a teller, and ATM are unlimited. Other transaction limits apply; refer to account disclosures. Excess transactions may require a change to another eligible account, closure of account, automatic limitation of transactions or removal of transfer capabilities.
Certificates of Deposit
Features:
- $1,000 minimum opening deposit
- Interest Bearing
- Flexible terms are available - 182 days, 12, 18, 24, 36, 48 or 60 months
- Early withdrawal penalties will be imposed
