Business Checking & Savings Account Rates
Business Checking and Savings Rates
Effective Date: Friday, April 10, 2020
| Savings Plan | Annual Percentage Yield | Interest Rate | Minimum Balance to Earn Interest and APY | Minimum to Open |
|---|---|---|---|---|
| Non-Profit Interest Checking | 0.01% | 0.01% | $0 | $50 |
| Business Interest Checking | 0.01% | 0.01% | $1,500 | $50 |
| Business Savings | 0.02% | 0.02% | $200 | $50 |
| Business Relationship Savings | 0.02% | 0.02% | $50 with a checking account | $50 |
Business Money Market Savings Rates
Effective Date: Friday, April 10, 2020
| Balance | Annual Percentage Yield* | Interest Rate |
|---|---|---|
| $500.00** - $24,999.99 | 0.10% | 0.10% |
| $25,000.00 - $99,999.99 | 0.15% | 0.15% |
| $100,000.00 - $249,999.99 | 0.75% | 0.75% |
| $250,000.00 - $499,999.99 | 0.90% | 0.90% |
| $500,000.00 - $999,999.99 | 1.05% | 1.05% |
| $1,000,000.00 or more | 1.25% | 1.25% |
*Annual Percentage Yield (APY) is variable and may change after the account is opened. If fees are applied, earnings may be reduced.
**$500 minimum balance required to earn the APY. $10 monthly fee if the balance falls below $500.
Business Analysis Checking Account
Effective Date: Friday, April 10, 2020
| Type | Rate | Minimum to Open |
|---|---|---|
| Earnings Credit* | 0.30% | $50 |
*The Earnings Credit is calculated on the Average Investable Balance. This earnings credit reduces the total activity and monthly charges for services.