| Analyzed Business Checking includes: |
| Minimum to open: |
$1,000.00 |
| Minimum Balance To Avoid Imposition of Fees |
This account features an earnings credit which is applied to reduce or eliminate fees on the account. If the earnings credit exceeds the fees during the statement cycle, there will be no fees charged against the account for that cycle. The excess earnings will not carry over to future statement cycles or be paid out. |
Interest Rate Paid Or Earnings Credit Rate
|
The daily periodic earnings credit rate is equal to the 91-Day T Bill rate divided by 365.
|
Calculate Interest Or
Earnings on Account |
The earnings credit will be calculated by applying the daily periodic earnings credit rate to the principal in the account each day of the period. The earnings credit will be calculated and applied against fees incurred for the monthly statement cycle. |
Accrual Of Interest Or Earnings Credit on Non-Cash
Deposits |
Earnings credit begins to accrue no later than the business day we receive credit for the deposit of non-cash items (ie: checks.) |
Negative Collected
Balance Charge |
Charge for negative collected balance will equal 2% over New York Prime based on a 30/365 basis. |
