Streamline Everyday Business Banking
Checking
Savings
CDs
SEPs
Business Checking Account Comparison
| ACCOUNT | Basic Small Business Checking | Small Business Checking | Commercial Account Analysis Checking |
|---|---|---|---|
| BEST FOR | Low transactions | Moderate transactions | High transactions |
| FEATURES | 150 free monthly transactions ($0.25 each thereafter)1 | 250 free transactions per month ($0.50 each thereafter)1 | Receive an earnings credit to offset or minimize monthly fees incurred2 |
| MONTHLY SERVICE CHARGE | None | Avoid $12 monthly service charge with $3,000 minimum daily balance | Service charge based on monthly account analysis |
| ONLINE BANKING & BILL PAY ACCESS | Yes | Yes | Yes |
| FREE BUSINESS DEBIT CARD | Yes | Yes | Yes |
| MINIMUM OPENING DEPOSIT | $50 | $100 | $500 |
BUSINESS INDEX FUNDS
Take advantage of our tiered rates with premium interest. The more you save, the more you earn.
- $25,000 opening deposit
- Avoid $15 monthly service charge by maintaining a $25,000 minimum daily balance
- 6 free withdrawals per statement cycle and $10 for each additional withdrawal
CERTIFICATES OF DEPOSIT3
CDs are a great way to save at terms that work around your short- or long-term business plans. Boost your bottom line with a fixed rate and guaranteed return on your investment.
- $1,000 minimum deposit to open
- Terms ranging from 30 days to 5 years
- Interest compounded and paid quarterly
SIMPLIFIED EMPLOYEE PENSION PLAN
With a SEP, you can help your employees save for retirement at a competitive rate of interest.
- $250 opening deposit
- Contribute up to 25% of each participant’s annual compensation (up to the maximum allowable limit)4 through flexible contributions
- Employee has full ownership of SEP funds through their individual retirement account (IRA)
Put Your Excess Funds to Work
BUSINESS SAVINGS
Plan for unexpected opportunities or save for new business purchases.
- Open with as little as $150 and earn interest on balances of just $50 or more
- Avoid $10 quarterly service charge by maintaining a $250 minimum daily balance
- 6 free withdrawals per quarter and $2 each thereafter
BUSINESS MONEY MARKET
Enjoy competitive, tiered rates with direct check-writing ability.
- $2,500 opening deposit
- Avoid $10 monthly service charge by maintaining a $2,500 minimum daily balance
- 6 free withdrawals per statement cycle and $10 for each additional withdrawal
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1. Individual ATMs may also charge surcharge. 2. Earnings credit applied to monthly analysis charges, and resulting differential, if any, is service charge for the month. Monthly average daily balance in the account will help offset any service charges. Individual ATMs may also be assessed a surcharge. 3. Interest compounded and paid quarterly. Fees may reduce earnings. Penalty for early withdrawal. 4. Consult your tax advisor for details.