Pacific Mercantile Bank - Business Basic Savings Account

Business Basic Savings Account

This account is an ideal place to earn interest but still have ready access to funds if the need arises. Open this account with just $250.00 and start managing your cash flow today.

Features

Free unlimited deposits
Up to six withdrawals per month
Can provide overdraft protection for your business checking accounts.
Transfer funds to and from this account conveniently and easily online
Download account information to Intuit QuickBooks® and Microsoft® Money in one easy step
E-mail alerts automatically sent when your balance goes above or below dollar amounts you specify
View up to 24 months of statements online
FDIC insured
Conduct business online, through the mail (use our free bank-by-mail envelopes) or at any of our convenient Financial Centers.

Monthly Fee

All of the above features are included in the low monthly fee of $5.00. We will waive the fee each month you maintain a minimum balance of just $250.00 in your account.

Interest Rate

Business Basic Savings

Interest Rate

APY*

Less than $249.99

None

$250.00 or above

0.30%

* Annual Percentage Yield (APY) is accurate as of 7/29/2010. Rates on CDs are fixed for the term of the CD at the time of opening. For all other interest bearing accounts, the interest rate may change after account is opened. Rates offered are subject to change at any time without prior notice. Fees and early withdrawal penalties could reduce earnings on the account. See Product Information for other terms and conditions.

This account has the following transaction restrictions and charges:

Limit of six withdrawals, transfers to another Pacific Mercantile Bank account, or electronic (ACH) debit transactions allowed per month.
Debits in excess of the maximum will be assessed a fee of $15.00 each.

Disclosures:

Terms and Conditions | Account Details | Schedule of Fees and Charges | Funds Availability