Rates
Business Savings Account Products
Business Savings1 2
| Tier | Rate | APY* |
|---|---|---|
| $500 + | 0.149% | 0.15% |
* APY (Annual Percentage Yield) is effective as of July 23, 2010 . APY for this account is a variable rate and is subject to change at any time. APY reflects daily compounding of interest.
1 Business Savings requires a minimum opening deposit of $500 and a minimum daily balance of $500 to earn interest on balances of $500 and over. If the daily balance during the monthly statement cycle period falls below $500, a $5 monthly maintenance fee will be assessed. As a result, fees may reduce earnings on this account.
2 Federal Regulations limit this account to no more than six electronic transfers per monthly statement cycle, either to another account held by the depositor at the same institution or to a third party (such as pre-authorized, automatic, computer and/or telephone transfer). There is a fee of $15.00 for each electronic funds transfer transaction exceeding the six permitted per statement cycle. As a result, fees may reduce earnings on this account. Further, exceeding six transfers could also lead to the elimination of transfer capabilities or closure of the account.
Business Money Market3 4
| Tier | Rate | APY* |
|---|---|---|
| $2,000+ | 0.149% | 0.15% |
| $25,000+ | 0.299% | 0.30% |
| $50,000+ | 0.499% | 0.50% |
* APY (Annual Percentage Yield) is effective as of July 23, 2010 . APY for this account is a variable rate and is subject to change at any time. APY reflects daily compounding of interest.
3 Business Money Market requires a minimum opening deposit of $2,000 and a minimum daily balance of $2,000 to earn interest on balances of $2,000 and over. If the daily balance during the monthly statement cycle period falls below $2,000, a $15 monthly maintenance fee will be assessed. As a result, fees may reduce earnings on this account.
4 Federal Regulations limit this account to no more than six electronic transfers per monthly statement cycle, either to another account held by the depositor at the same institution or to a third party (such as pre-authorized, automatic, computer and/or telephone transfer). The six transfers can be made by check, draft and/or point-of-sale transaction payable to a third party. There is a fee of $15.00 for each electronic funds transfer transaction exceeding the six permitted per statement cycle. As a result, fees may reduce earnings on this account. Further, exceeding six transfers could also lead to the elimination of transfer capabilities or closure of the account.
