Business Banking

Business Banking – Checking

	Minimum Opening Deposit	Monthly Service Charge	Balance to Waive Service Charge	Transaction Fees	Earnings Credit	Interest Bearing
Small Business Checking	$100.00	$10.00	$500.00	Yes	No	No
Commercial Checking	$500.00	$15.00	$1,500.00	Yes	Yes	No

Small Business Checking Features –

A $100 deposit is required to open this account.
This account does not earn interest.
This account has check imaging and monthly statements.
A monthly maintenance fee of $10.00 will be charged when the average daily balance for a statement cycle falls below $500.
A debit item charge of $0.25 will be charged for each transaction in excess of 25 during a statement cycle.
Internet banking and bill payment are available for this account.

To obtain more information about this account or any other deposit account, you can submit our convenient Deposit Account Inquiry Form, or you can contact our Office using our toll-free telephone number 1-877-788-3520.

Commercial Checking Features –

A $500 deposit is required to open this account.
This account does not earn interest.
This account has check imaging and monthly statements.
A monthly maintenance fee of $15.00 will be charged for this account.
An earnings credit is available for this account and is based on the 90-day Treasury Bill minus 2.00 percent.
A charge of $0.15 will be charged for each debit transaction.
A charge of $0.25 will be charged for each deposit.
A charge of $0.25 will be charged for each deposited item.
Business internet banking and bill payment are available for this account.

Business Banking – Savings

	Minimum Opening Deposit	Monthly Service Charge	Balance to Waive Service Charge	Interest Bearing
Money Market	$1,000.00	$10.00	$1,000.00	Yes, Variable Rate
Certificates of Deposit	$500.00	N/A	N/A	Yes, Fixed Rate
Jumbo Certificates of Deposit	$100,000.00	N/A	N/A	Yes, Fixed Rate

Business Money Market Features –

This account is the same account that can be opened by a consumer customer.
A $1,000 deposit is required to open this account.
This account earns interest and the interest rates and annual percentage yields (APYs) are variable and may change after you open the account.
At our discretion, we may change the interest rates on your account at any time.
Interest will be compounded and credited monthly.
If you close your account before interest is credited, you will not receive the accrued interest.
Interest is earned on the daily balance method.
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items.
This account has five interest rate tiers and the interest rates and annual percentage yields (APYs) are tiered by the following balances:
$0.01 to $9,999.99
$10,000.00 to $24,999.99
$25,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 and over
The annual percentage yields (APYs) disclosed on the deposit rate sheet are based upon the same interest rates and balances for each tier that are for the money market account that can be opened by a consumer customer.
This account has check imaging and monthly statements.
A monthly maintenance fee of $10.00 will be charged when the average daily balance for a statement cycle falls below $1,000.
Transfers from this account or to third parties by pre-authorized, automatic or telephone transfers and by check, draft, or similar order to third parties are limited to six (6) per statement cycle.
An excessive transfer charge of $15.00 will be charged for each transfer in excess of six (6) during a statement cycle.
Internet banking and bill payment are available for this account.
We have the right to require seven (7) days prior written notice from you of your intent to withdraw any funds from your account.

Certificates of Deposit Features:

Three Month CD –

$500 to open CD account.
Fixed Interest Rate.
Interest will be compounded and credited monthly.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue on the business day you deposit non-cash items, i.e. checks
The interest rate and annual percentage yield (APY) disclosed on the deposit rate sheet is based on a balance of $500.
The disclosed annual percentage yield (APY) assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
A withdrawal of funds before maturity may be subject to an early withdrawal penalty. The penalty will be equal to seven days of interest on the amount withdrawn if the withdrawal is made within the first six days after the deposit and 3 months of interest on the amount withdrawn if the withdrawal is made after the first six days and before maturity.
There are certain circumstances where we will waive the early withdrawal penalty, such as death or incompetence of an owner.
You may not make any deposits into your account until maturity.
Account will automatically renew at maturity. You will have ten days after the maturity date to withdraw funds without penalty.
Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as during the original term.

Six Month CD –

$500 to open CD account.
Fixed Interest Rate.
Interest will be compounded and credited monthly.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue on the business day you deposit non-cash items, i.e. checks
The interest rate and annual percentage yield (APY) disclosed on the deposit rate sheet is based on a balance of $500.
The disclosed annual percentage yield (APY) assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
A withdrawal of funds before maturity may be subject to an early withdrawal penalty. The penalty will be equal to seven days of interest on the amount withdrawn if the withdrawal is made within the first six days after the deposit and 3 months of interest on the amount withdrawn if the withdrawal is made after the first six days and before maturity.
There are certain circumstances where we will waive the early withdrawal penalty, such as death or incompetence of an owner.
You may not make any deposits into your account until maturity.
Account will automatically renew at maturity. You will have ten days after the maturity date to withdraw funds without penalty.
Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as during the original term.

One Year CD –

$500 to open CD account.
Fixed Interest Rate.
Interest will be compounded and credited monthly.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue on the business day you deposit non-cash items, i.e. checks
The interest rate and annual percentage yield (APY) disclosed on the deposit rate sheet is based on a balance of $500.
The disclosed annual percentage yield (APY) assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
A withdrawal of funds before maturity may be subject to an early withdrawal penalty. The penalty will be equal to seven days of interest on the amount withdrawn if the withdrawal is made within the first six days after the deposit and 6 months of interest on the amount withdrawn if the withdrawal is made after the first six days and before maturity.
There are certain circumstances where we will waive the early withdrawal penalty, such as death or incompetence of an owner.
You may not make any deposits into your account until maturity.
Account will automatically renew at maturity. You will have ten days after the maturity date to withdraw funds without penalty.
Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as during the original term.

Two to Five Year CD –

$500 to open CD account.
Fixed Interest Rate.
Interest will be compounded and credited monthly.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue on the business day you deposit non-cash items, i.e. checks
The interest rate and annual percentage yield (APY) disclosed on the deposit rate sheet is based on a balance of $500.
The disclosed annual percentage yield (APY) assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
A withdrawal of funds before maturity may be subject to an early withdrawal penalty. The penalty will be equal to seven days of interest on the amount withdrawn if the withdrawal is made within the first six days after the deposit and 12 months of interest on the amount withdrawn if the withdrawal is made after the first six days and before maturity.
There are certain circumstances where we will waive the early withdrawal penalty, such as death or incompetence of an owner.
You may not make any deposits into your account until maturity.
Account will automatically renew at maturity. You will have ten days after the maturity date to withdraw funds without penalty.
Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as during the original term.

Jumbo Certificates of Deposit Features:

Three and Six Month Jumbo CD –

$100,000 to open Jumbo CD account.
Fixed Interest Rate.
Interest will be compounded and credited monthly.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue on the business day you deposit non-cash items, i.e. checks
The interest rate and annual percentage yield (APY) disclosed on the deposit rate sheet is based on a balance of $100,000.
The disclosed annual percentage yield (APY) assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
A withdrawal of funds before maturity may be subject to an early withdrawal penalty. The penalty will be equal to seven days of interest on the amount withdrawn if the withdrawal is made within the first six days after the deposit and 3 months of interest on the amount withdrawn if the withdrawal is made after the first six days and before maturity.
There are certain circumstances where we will waive the early withdrawal penalty, such as death or incompetence of an owner.
You may not make any deposits into your account until maturity.
Account will automatically renew at maturity. You will have ten days after the maturity date to withdraw funds without penalty.
Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as during the original term.

One Year Jumbo CD –

$100,000 to open Jumbo CD account.
Fixed Interest Rate.
Interest will be compounded and credited monthly.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue on the business day you deposit non-cash items, i.e. checks
The interest rate and annual percentage yield (APY) disclosed on the deposit rate sheet is based on a balance of $100,000.
The disclosed annual percentage yield (APY) assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
A withdrawal of funds before maturity may be subject to an early withdrawal penalty. The penalty will be equal to seven days of interest on the amount withdrawn if the withdrawal is made within the first six days after the deposit and 6 months of interest on the amount withdrawn if the withdrawal is made after the first six days and before maturity.
There are certain circumstances where we will waive the early withdrawal penalty, such as death or incompetence of an owner.
You may not make any deposits into your account until maturity.
Account will automatically renew at maturity. You will have ten days after the maturity date to withdraw funds without penalty.
Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as during the original term.

Two to Five Year Jumbo CD –

$100,000 to open Jumbo CD account.
Fixed Interest Rate.
Interest will be compounded and credited monthly.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue on the business day you deposit non-cash items, i.e. checks
The interest rate and annual percentage yield (APY) disclosed on the deposit rate sheet is based on a balance of $100,000.
The disclosed annual percentage yield (APY) assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
A withdrawal of funds before maturity may be subject to an early withdrawal penalty. The penalty will be equal to seven days of interest on the amount withdrawn if the withdrawal is made within the first six days after the deposit and 12 months of interest on the amount withdrawn if the withdrawal is made after the first six days and before maturity.
There are certain circumstances where we will waive the early withdrawal penalty, such as death or incompetence of an owner.
You may not make any deposits into your account until maturity.
Account will automatically renew at maturity. You will have ten days after the maturity date to withdraw funds without penalty.
Each renewal term will be the same as the original term, beginning on the maturity date. Interest will be calculated on the same basis as during the original term.