For businesses that value an easy and convenient way to earn a competitive rate of interest on savings, Professional Statement Savings provides these advantages:
- NO monthly service fee*
- Competitive interest rate paid on collected balance
- Interest compounded and paid quarterly
- ATM access when linked to Business Check Card
- Six FREE withdrawals per month**
- Easy-to-read quarterly statement
*Minimum balance is $500. If balance falls below minimum there is a $10.00 monthly service fee applied.
**A $5.00 service fee applies for each withdrawal exceeding six.
For accounts that require few monthly transactions, a Professional Money Market account provides these competitive advantages.
- Higher, competitive interest rate (Maintain a $2,500 minimum
balance to earn interest)
- Compounded tiered interest paid monthly (higher balances earn
a higher rate of interest.)
- Fees based on account activity*
- Six FREE withdrawals per month**†
- Easy-to-read monthly statements with check images in check
number order to facilitate account balancing
* Requires maintaining a $1,000 minimum balance. A $10.00 monthly service fee applies if balance falls below minimum.
** A $15.00 service fee applies for each withdrawal exceeding six.
† Transfers from a Money Market account to another account or to third parties by checks, drafts, preauthorized, automatic and telephone transfers are limited to six per statement cycle.