Deposit Products: (Business Banking)

Checking Accounts

Product NameSpecial Requirements for Account OwnershipMinimum Opening DepositMinimum Balance to Avoid Service ChargeService Charge (Monthly)Per Item FeesImages with Mailed StatementGo Business
Internet Banking Service
Business Debit/ATM CardPays Interest
Business
No Frills Checking
Sole Proprietors/
Non-Profit Organizations/
Governmental Entities
$100.00NoneNoneNoNoBasics – Included Essentials –
$15.00 mo
Plus - $25.00 mo
AvailableNo
Business
Checking
None$100.00$1,000.00
Average Daily Balance
$12.00NoYesBasics – Included
Essentials –
$15.00 mo
Plus - $25.00 mo
AvailableNo
Business
Premier Interest Checking
Sole Proprietors/
Non-Profit Organizations/
Governmental Entities
$500.00$500.00$10.00NoYesBasics – Included
Essentials –
$15.00 mo
Plus - $25.00 mo
AvailableYes

 

Back to top



Savings Account

Product NameSpecial Requirements for Account OwnershipMinimum Opening DepositMinimum Balance to Avoid Service ChargeService Charge (Monthly)Withdrawal LimitationsExcess withdrawal FeeOnline-StatementsATM CardPRVB Foreign ATM FeeInterest Compounded and Credited
Business
MMA
None$500.00$2,500.00$10.00Yes$3.00 per occurrenceOptional (Included)AvailableYesMonthly
Business
Savings
None$50.00$25.00$5.00Yes$2.00 per occurrenceOptional (Included)AvailableYesQuarterly

* Important Notice: Savings accounts are limited transaction accounts and are subject to Regulation D. Excessive withdrawals over the limit may result in fees, account closure, change of account type, termination of transfer capability or other remedial action. See your account disclosure for full details

Back to top



CD's

Product NameSpecial Requirements for Account OwnershipMinimum Opening DepositTerms AvailablePays InterestInterest Compounded and CreditedEarly withdrawalpenaltySpecial Provisions
Standard CDNone$1,000.003 months to 60 monthsYesQuarterlyYesNo
Jumbo CDNone$100,000.003 months to 60 monthsYesQuarterlyYesNo
Savers CDNone$100.001 yr to 5 yrsYesQuarterlyYesUnlimited Deposits
(minimum $50 each)
Investment CDNone$30,000.001 yr to 5 yrsYesQuarterlyYesUnlimited Deposits
(minimum $1000 each)
Special 1 Year Investment CDNone$30,000.001 yrYesQuarterlyYesUnlimited Deposits
(minimum $1000 each)
1 withdrawal per month without penalty

 

Back to top



IRA's

Product NameMinimum Opening DepositTerms AvailablePays InterestInterest Compounded and CreditedContributionsEarly withdrawalpenaltySpecial Provisions
SEP
(Simplified Employee Pension Plan)
$1000.0012 months to 60 monthsYesQuarterlyUnlimited
$5.00 Min
YesDetails located here

 

Back to top



Important Information about Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, federal law now requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means for you:
When you open an account, we will ask for your name, address, date of birth, social security number, name, address and phone number of your employer and other information that will allow us to identify you. We will ask to see your driver's license or another acceptable photo ID or other identifying documents. We thank you for your cooperation and value your account relationship.