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Interest bearing accounts recommended for businesses that need only
limited check writing capability and want to earn more interest on their
account balance.
Minimum Balance To Open Account
- The minimum opening balance is $1,000.
Average Daily Balance Requirement
- A monthly service charge of $8 will be assessed anytime the daily
balance drops below $1,000 or the average daily balance of $1,000 is
not maintained. The average daily balance is calculated by adding the
principal in the account for each day of the period and dividing that
figure by the number of days in same period.
Fees
- A fee of $.20 will be charged for each debit transaction
(withdrawal, automatic transfer or check paid out of this account).
This fee applies if the minimum daily balance falls below $2,500 and
the average daily balance falls below $1,000.
Transaction Limitation
- 6 transfers per month, write up to 3 checks per monthly statement
cycle.
Interest
- Varies according to the balances maintained
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