Small Business and Commercial Investment Plans
Insured Money Market Account:
- Earns money market rate of interest.
- Allows 6 transfers from the account per month but only 3 may be payment by check to a third party.
- No service charge with a $1,000 minimum balance. A service charge of $10 will be imposed upon any statement period when the balance in the account falls below the $1,000 on any day of that statement period.
Regular Savings Account:
- No service charge for withdrawals from savings accounts with a $500 minimum balance.
- Below $500, one free withdrawal per month. A service charge of $.50 per additional withdrawal will be charged if the balance has fallen below the $500 minimum during the month.
- If the account does not maintain an average balance of $300 or more, a $3.50 maintenance charge will apply.
- An account opened and closed within 90 days will be service charged $10.
Certificates of Deposits:
- Maturities of 30 days to 5 years (minimum required and interest rates and annual percentage yields vary).
- Special Jumbo Certificates of Deposit ($100,000 minimum required: rates for various maturities). Early withdrawal penalties may apply.