Business Deposit Accounts
Print this page| Minimum Deposit to Open |
Minimum Balance to Obtain APY |
Interest Rate |
Annual Percentage Yield (APY) | |
| Business Prime Checking | N/A | N/A | N/A | N/A |
| Business Enterprise Checking | $100 | N/A | Earnings Credit 0.50 of the average daily balance | N/A |
| Business First Checking | $2,500 | $2,500 | 0.03% | 0.03% |
| $25,000 | 0.05% | 0.05% | ||
| $50,000 | 0.07% | 0.07% | ||
| $75,000 | 0.15% | 0.15% | ||
| Business Select Money Market | $2,500 | $2,500 | 0.10% | 0.10% |
| $25,000 | 0.25% | 0.25% | ||
| $75,000 | 1.49% | 1.50% | ||
| Business Savings | $500 | $500 | 0.03% | 0.03% |
| $10,000 | 0.10% | 0.10% |
Rates effective as of 10/11/2023. Other terms and conditions may apply. Rates are subject to change without notice. Fees could reduce the earnings on the account. A penalty may be imposed for early withdrawal. See additional information below or contact Customer Care for a complete account disclosure.
Additional Account Information
Business Prime Checking: There is no minimum balance requirement. A fee of $0.50 per item will apply for transactions in excess of 200 during the statement cycle. Transactions include each check paid, deposit made, or item deposited.
Business Enterprise Checking: An earnings credit is applied to reduce or eliminate some of the fees on the account, including a $5 maintenance fee per statement cycle, $0.20 fee for each check paid, $0.20 fee for each deposit and $0.10 fee for each check in a deposit. If the earnings credit exceeds fees for any period, you will be assessed none of the fees but will not be paid, carry forward or otherwise receive credit for any excess earnings credit. The earnings credit begins to accrue on the business day you deposit non cash items.
Business First Checking: If the balance falls below $2,500 on any day of the statement cycle, a fee of $15 applies. The $15 fee is waived for the first three statement cycles. A transaction fee of $0.50 per item will apply for transactions in excess of 500 during the statement cycle. Transactions include each check paid, deposit made, or item deposited.
Business Select Money Market: If balances fall below $2,500 on any of the statement cycle, a fee of $17 applies. The APY and interest rate on tiered rate accounts will change based on the account balance. If the balance increases or decreases into a different tier, the new yield and rate will take effect on the date the balance changes and applies to the entire balance of the account.
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