Our Commercial Savings Account is an interest bearing checking account with limited activity.
The Account Features include:
- Interest is compounded daily based on the ledger balance
- Opening balance requirement $100
- No minimum balance requirement to earn interest
- No monthly maintenance fee
- Quarterly statement cycle
- Pre-authorized transfers or withdrawals are limited to six (6) per calendar quarter, or statement cycle, of which no more than three (3) may be by internal transfer.
- Excessive withdrawals may result in a fee
- Consistent excessive withdrawals will result in the account being converted to a demand deposit account
- Unlimited withdrawals made in person
- Imaged Statements
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