Commercial Checking Products |
| Type |
Minimum Balance |
Monthly S/C |
Features |
| Commercial Checking |
None |
$10.00 per statement cycle
$.30 per each item paid
All Accounts are subject to a closeout fee (refer to the current fee schedule)
Refer to fee schedule for any additional fees that may apply. |
An earnings credit of $.80 will be applied to the account for each $350 of minimum balance for the statement cycle.
If earnings credits exceed service charges, there is no charge to the account.
If service charges exceed earnings credits, the account will be charged the difference. |
| Select |
$1,500 |
$12 if the account falls below the minimum balance during the statement cycle
$.30 for each item paid.
All accounts are subject to a closeout fee (refer to the current fee schedule). |
Interest accrues daily and will compound monthly.
Interest rates are reviewed weekly and are subject to change according to current market conditions.
Account designed for sole proprietors and non profit organizations. |
Cash Management/
Commercial Money Market |
Refer to "Features" |
All accounts are subject to a closeout fee (refer to the current fee schedule). |
Automatically transfers excess funds into a Money Market Account.
Maximum transfer limit of 6 per statement cycle.
Maximize interest income.
Cash Management account compares the collected balance in commercial checking account
to predetermined target balance of $35,000.
Cash in excess of this target (assuming $10,000 increments) is transferred into the Commercial Money Market Account.
Funds will be transferred back to the checking, if applicable to cover the next day's transactions. |
