Business Savings Accounts

See Fee Schedule Table below

 

Business Value Plus Savings

Business Statement Savings

Eligibility

Corporations, Partnerships, Sole Proprietorships, LLCs, Non-Profits & Government Units

Corporations, Partnerships, Sole Proprietorships, LLCs, Non-Profits & Government Units

Earns Interest

Yes

Yes

Minimum Opening Balance

$5,000

$10

Minimum Daily Balance

$5,000 to avoid Minimum Balance Fee; $0 to obtain APY

$200 to avoid Minimum Balance Fee; $0 to obtain APY

Minimum Balance Fee

$10 or See (*A) to avoid Minimum Balance Fee

$5 or See (*A) to avoid Minimum Balance Fee

Compounded and Credited Interest

Monthly

Monthly

Transfer Limits

Yes - See (*B)

Yes - See (*B)

Monthly Statement

By Postal Service or E-Statement

By Postal Service or E-Statement

Online Banking and Telephone Banking

Available

Available

Terms and Conditions:

APY = Annual Percentage Yield
(All Savings Accounts) There may be no payment of accrued interest if, at time of closing, accrued interest is less than $5.
(*A) A Minimum Balance Fee will be imposed every statement period if the daily balance in the account falls below the minimum daily balance any day of the statement period. Fees may reduce earnings.
(*B) You may not make more than six (6) transfers and withdrawals from your account per statement period by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties.
Excess Transaction Fee (over six items per statement period): $15 per item after six

Fee Schedule

Account Balancing Assistance - per hour

$25.00

Account Closing Within 180 days

$25.00

Account Research - per hour

$25.00

Continuous Overdraft Fee After 5 Business Days *

$3.00

Debit Card PIN Replacement - Each

$10.00

Debit Card Replacement - Each

$10.00

Debit Card Rush Order - Each

$15.00

Deposited Items Returned Unpaid - Each

$10.00

Excess Transactions Fee - Money Market & Savings **

$15.00

Levy / Garnishment - Each

$40.00

Money Order - Each

$5.00

Overdraft Fees - Each

$35.00

Returned Items Fees - Each

$35.00

Special Statement - Each

$25.00

Statement Copy - Each

$5.00

Stop Payments - Each

$31.00

Sweep Fee - Each

$5.00

Wire Transfers - Domestic Outgoing - Each

$25.00

Wire Transfers - Foreign Outgoing - Each

$55.00

Wire Transfers - Incoming - Each

$18.00

Additional Fees and Terms:

An Overdraft Fee applies to overdrafts created by check, in-person withdrawal or other electronic means.
* A Continuous Overdraft Fee of $3.00 will be applied each business day after 5 consecutive business days in which the account is overdrawn.
** You may not make more than six (6) transfers and withdrawals from your account per statement period by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties. Excess Transactions Fee (over six items per statement period): $15 per item after six