Business Statement Savings Account

  • Open an account with as little as $500.00
  • Competitive interest rate compounded and credited quarterly on balances over $500.00*
  • Minimum balance to avoid monthly maintenance fee is $500.00
  • Monthly maintenance fee is $5.00 for each statement cycle that the balance falls below $500.00

*Interest is calculated on the daily account balance.

**The number of permitted transfers or withdrawals is governed by Federal Reserve Board Regulation D. You may make no more than six (6) transfers or withdrawals per month to another account or to third parties by preauthorized, automatic, telephonic or online transfer.  In-person withdrawals are unlimited.