Online Banking
*Approved to offer SBA loan products under SBA's Preferred Lender program.
Business Accounts
Personal Accounts | Business Accounts | Certificates of Deposit
| Business Deposit Product | Basic Checking4 | NOW Checking4,6 | Money Market Checking4,5,6 | Basic Savings4,5,6 |
|---|---|---|---|---|
| Minimum opening deposit | $2,000 | $2,500 | $2,500 | $1,000 |
| Interest | No | - Yes1,2,3 - Interest is compounded monthly - Interest is credited monthly |
- Yes. Variable Tiered Rate1,2,3 - Interest is compounded monthly - Interest is credited monthly |
- Yes1,2,3 - Interest is compounded monthly - Interest is credited monthly |
| Minimum daily balance to avoid monthly service charge & per item charges | $2,000 | $2,500 | $2,500 | $1,000 |
| Balance used for interest calculation | N/A | Average daily balance method | Average daily balance method | Daily balance method |
| Monthly service charge | $10.00 per statement cycle | $10.00 per statement cycle | $10.00 per statement cycle | $10.00 per month |
| Per item charge | $0.25 per item per statement cycle | $0.25 per item per statement cycle | N/A | $1.00 per withdrawal in excess of 6 withdrawals per month |
| Product features and transaction limitations | - Low minimum opening deposit requirement - Low monthly service charge - Unlimited check writing - Monthly account statement |
- Interest earning checking - Low monthly service charge - Unlimited check writing - Monthly account statement |
- Low minimum daily balance requirement - Six transfers or withdrawals per statement cycle5 - Monthly account statement |
- Low monthly service charge - Quarterly account statement |
1 Interest rates may change any time without prior notice.
2 The disclosed interest rate and Annual Percentage Yield (APY) will be paid if you meet the minimum opening balance requirement.
3 Accrued interest will not be received if the account is closed before interest is credited.
4 An early closing fee of $10.00 will be assessed if the account is closed within 90 days of opening.
5 An excessive transaction fee of $10.00 will be charged for each item in excess of the federally regulated limitations (no more than 6 transfers or withdrawals per statement cycle). Withdrawals made in person are unlimited.
6 Fees can reduce earnings on the account.