| Business Banking Comparison Chart |
| Details |
Basic Business |
Interest Business |
Analyzed Business |
| Minimum Opening Deposit |
$100.00 |
$1000.00 |
$1000.00 |
| Rate Information |
NA |
At Our Discretion |
At Our Discretion |
| Compounding and Crediting |
NA |
Monthly |
NA |
| Minimum Balance To Avoid Fees |
NA |
A monthly service charge of $5.00 will be imposed every month if the balance in the account falls below $1000 any day of the month. |
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 statement cycle. The excess earnings credit will not carry over to future statement cycles or be paid out. |
| Interest Rate |
NA |
Click here for current interest rates |
The daily periodic earnings credit rate is equal to the 91-Day T Bill rate divided by 365. |
Minimum Balance to obtain the Annual Percentage Yield
|
NA |
$1000.00 |
NA |
| Calculate interest earnings on your account |
NA |
We use the daily balance computation method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. |
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 on earnings credit on non-cash deposits |
NA |
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (ie: checks.) |
Earnings credit begins to accrue no later than the business day we receive credit for the deposit of non-cash items (ie: checks.) |
| Statement Design |
Check Safekeeping or Image |
Check Safekeeping or Image |
Check Safekeeping or Image |
| Fees |
$.10 charged for each check paid in excess of 50 during a statement cycle.
$.10 will be charged for each deposited item in excess of 50 during a statement cycle. |
NA |
$5.00 Maintenance Fee
$.10 Per Debit
$.10 Per Credit
$.04 Local transit items deposited
$.08 Foreign transit items deposited
|
