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Business Account Details
Business Basic Checking
Business Interest Checking
Business Basic Money Market
Business High Performance Money
Market Checking
Business Basic Savings
Business High Performance Money
Market Savings
Business Certificate of Deposit
Minimum balance to open the account
You must deposit $100.00 to open this account.
Minimum balance to avoid imposition of fees
A service charge fee of $15.00 will be imposed every statement cycle if the balance
in the account falls below $4,000.00 any day of the cycle.
Transaction fees
No fee for the first 100 checks/debits; $0.30 for each additional check/debit paid
against the account each statement cycle
No fee for the first 25 deposits/credit; $2.00 for each additional deposit/credit
posted to the account each statement cycle
No fee for the first 100 items deposited; $0.10 for each additional item deposited
during each statement cycle
(This account is for sole proprietorships and non-profit organizations only)
Rate Information
The interest rate and annual percentage yield on your account may change.
Frequency of Rate Changes
At our discretion, we may change the interest rate on your account at any time.
Compounding and crediting frequency
Interest will be compounded every month. Interest will be credited to your account
every month.
Effect of closing an account
If you close your account before interest is credited, you will not receive the
accrued interest.
Minimum balance to open the account
You must deposit $100.00 to open this account.
Minimum balance to avoid imposition of fees
A service charge fee of $15.00 will be imposed every statement cycle if the balance
in the account falls below $4,000.00 any day of the cycle.
Additional fees may apply for other bank service, such as stop payments and wire
transfers. Please refer to the Schedule of Fees and Charges for additional fee information.
Minimum balance to obtain the annual percentage yield disclosed
You must maintain a minimum balance of $4,000.00 in the account each day in order
to obtain the disclosed annual percentage yield.
Daily balance computation method
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.
Accrual of interest on noncash deposits
Interest begins to accrue no later than the business day we receive credit for the
deposit of noncash items (for example, checks).
Transaction fees
No fee for the first 50 checks/debits; $0.30 for each additional check/debit paid
against the account each statement cycle
No fee for the first 25 deposits/credit; $2.00 for each additional deposit/credit
posted to the account each statement cycle
No fee for the first 100 items deposited; $0.10 for each additional item deposited
during each statement cycle
Additional fees may apply for other bank service, such as stop payments and wire
transfers. Please refer to the Schedule of Fees and Charges for additional fee information.
Rate Information
The interest rate and annual percentage yield on your account may change.
Frequency of rate changes
We may change the interest rate on your account at any time.
Determination of rate
At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency
Interest will be compounded every month. Interest will be credited to your account
every month.
Effect of closing an account
If you close your account before interest is credited, you will not receive the
accrued interest.
Minimum balance to open the account
You must deposit $2,500.00 to open this account.
Minimum balance to avoid imposition of fees
A service charge fee of $15.00 will be imposed every monthly statement cycle if
the balance in the account falls below $2,500.00 any day of the cycle.
Minimum balance to obtain the annual percentage yield disclosed
You must maintain a minimum balance of $2,500.00 in the account each day in order
to obtain the disclosed annual percentage yield.
Daily balance computation method
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.
Accrual of interest on noncash deposits
Interest begins to accrue no later than the business day we receive credit for the
deposit of noncash items (for example, checks).
Transaction limitations/Fees
Transfers from this account to another account or to third parties by preauthorized,
automatic, telephone or computer transfer (including bill payments) are limited
to six per month with no more than three by check, draft, point-of-sale (POS), debit
card or similar order to third parties. An excess transfer fee of $15.00 per item
applies if these limits are exceeded. See the Schedule of Fees and Charges for details.
Additional fees may apply for other bank service, such as stop payments and wire
transfers. Please refer to the Schedule of Fees and Charges for additional fee information.
- Tier 1 – If your average daily balance is more than $2,499.99 but less than $25,000,
the interest rate paid on the entire balance in your account will be ____% with
an annual yield of _____%.
- Tier 2 – If your average daily balance is more than $24,999.99 but less than $50,000,
the interest rate paid on the entire balance in your account will be ____% with
an annual yield of ____%.
- Tier 3 – If your average daily balance is more than $49,999.99 but less than $100,000,
the interest rate paid on the entire balance in your account will be ____% with
an annual yield of _____%.
- Tier 4 – If your average daily balance is $100,000 or more, the interest rate paid
on the entire balance in your account will be ____% with an annual yield of _____%.
Rate Information
The interest rate and annual percentage yield on your account may change.
Frequency of rate changes
We may change the interest rate on your account at any time.
Determination of rate
At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency
Interest will be compounded every month. Interest will be credited to your account
every month.
Effect of closing an account
If you close your account before interest is credited, you will not receive the
accrued interest.
Minimum balance to open the account
You must deposit $10,000.00 to open this account.
Minimum balance to avoid imposition of fees
A service charge fee of $25.00 will be imposed every monthly statement cycle if
the balance in the account falls below $10,000.00 any day of the cycle.
Minimum balance to obtain the annual percentage yield disclosed
You must maintain a minimum average daily balance of $10,000.00 to obtain the disclosed
annual percentage yield. The average daily balance is calculated by adding the principal
in the account for each day of the period and dividing that figure by the number
of days in the period.
Daily balance computation method
We use the average daily balance method to calculate interest on your account. This
method applies a periodic rate to the average daily balance in the account for the
period. The average daily balance is calculated by adding the principal in the account
for each day of the period and dividing that figure by the number of days in the
period.
Accrual of interest on noncash deposits
Interest begins to accrue no later than the business day we receive credit for the
deposit of noncash items (for example, checks).
Transaction limitations/Fees
Transfers from this account to another account or to third parties by preauthorized,
automatic, telephone or computer transfer (including bill payments) are limited
to six per month with no more than three by check, draft, point-of-sale (POS), debit
card or similar order to third parties. An excess transfer fee of $25.00 per item
applies if these limits are exceeded. See the Schedule of Fees and Charges for details.
If you exceed the above limitations your account may be transferred to a transaction
account.
Additional fees may apply for other bank service, such as stop payments and wire
transfers. Please refer to the Schedule of Fees and Charges for additional fee information.
- Tier 1 – If your average daily balance is more than $9,999.99 but less than $100,000,
the interest rate paid on the entire balance in your account will be ____% with
an annual yield of _____%.
- Tier 2 – If your average daily balance is more than $99,999.99 but less than $250,000,
the interest rate paid on the entire balance in your account will be ____% with
an annual yield of ____%.
- Tier 3 – If your average daily balance is more than $249,999.99 but less than $500,000,
the interest rate paid on the entire balance in your account will be ____% with
an annual yield of _____%.
- Tier 4 – If your average daily balance is more than $499,999.99 but less than $1,000,000,
the interest rate paid on the entire balance in your account will be ____% with
an annual yield of _____%.
- Tier 5 – If your average daily balance is $1,000,000 or more, the interest rate
paid on the entire balance in your account will be ____% with an annual yield of
_____%.
Rate Information
At our discretion, we may change the interest rate and annual percentage yield on
your account at any time.
Compounding and crediting frequency
Interest will be compounded every month. Interest will be credited to your account
every month.
Effect of closing an account
If you close your account before interest is credited, you will not receive the
accrued interest.
Minimum balance to open the account
You must deposit $250.00 to open this account.
Minimum balance to avoid imposition of fees
A service charge fee of $5.00 will be imposed every statement cycle if the balance
in the account falls below $250.00 any day of the cycle.
Minimum balance to obtain the annual percentage yield disclosed
You must maintain a minimum balance of $250.00 in the account each day in order
to obtain the disclosed annual percentage yield.
Daily balance computation method
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.
Accrual of interest on noncash deposits
Interest begins to accrue no later than the business day we receive credit for the
deposit of noncash items (for example, checks).
Transaction limitations
Transfers from this account to another account or to third parties by preauthorized,
automatic, computer, or telephone transfer are limited to six per month with no
transfers by check, draft, debit card, or similar order to third parties.
If you exceed the above limitations your account may be transferred to a transaction
account.
Fees
An excess transfer fee of $15.00 will be charged for each debit transaction in excess
of six per monthly statement cycle.
Rate Information
The interest rate and annual percentage yield on your account may change.
Frequency of rate changes
We may change the interest rate on your account at any time.
Determination of rate
At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency
Interest will be compounded every month. Interest will be credited to your account
every month.
Effect of closing an account
If you close your account before interest is credited, you will not receive the
accrued interest.
Minimum balance to open the account
You must deposit $25,000.00 to open this account.
Minimum balance to avoid imposition of fees
A service charge fee of $25.00 will be imposed every monthly statement cycle if
the balance in the account falls below $25,000.00 any day of the cycle.
Minimum balance to obtain the annual percentage yield disclosed
You must maintain a minimum average daily balance of $25,000.00 to obtain the disclosed
annual percentage yield. The average daily balance is calculated by adding the principal
in the account for each day of the period and dividing that figure by the number
of days in the period.
Daily balance computation method
We use the average daily balance method to calculate interest on your account. This
method applies a periodic rate to the average daily balance in the account for the
period. The average daily balance is calculated by adding the principal in the account
for each day of the period and dividing that figure by the number of days in the
period.
Accrual of interest on noncash deposits
Interest begins to accrue no later than the business day we receive credit for the
deposit of noncash items (for example, checks).
Transaction limitations/Fees
You are limited to six withdrawals and/or transfers from this account by preauthorized,
telephone or computer transfer (including bill payments) per monthly statement cycle.
An excess transfer fee of $25.00 per item applies if these limits are exceeded.
See the Schedule of Fees and Charges for details. If you exceed the above limitations
your account may be transferred to a transaction account.
Additional fees may apply for other bank service, such as stop payments and wire
transfers. Please refer to the Schedule of Fees and Charges for additional fee information.
- Tier 1 – If your average daily balance is more than $24,999.99 but less than $100,000,
the interest rate paid on the entire balance in your account will be ____% with
an annual yield of _____%.
- Tier 2 – If your average daily balance is more than $99,999.99 but less than $250,000,
the interest rate paid on the entire balance in your account will be ____% with
an annual yield of ____%.
- Tier 3 – If your average daily balance is more than $249,999.99 but less than $500,000,
the interest rate paid on the entire balance in your account will be ____% with
an annual yield of _____%.
- Tier 4 – If your average daily balance is more than $499,999.99 but less than $1,000,000,
the interest rate paid on the entire balance in your account will be ____% with
an annual yield of _____%.
- Tier 5 – If your average daily balance is $1,000,000 or more, the interest rate
paid on the entire balance in your account will be ____% with an annual yield of
_____%.
Your complete Account Disclosures will be mailed to you, along with a copy of your
Certificate.
Rate Information
Your interest rate is fixed for the term. Interest will be paid until the maturity
date of the certificate. The interest rate is based on the rate in effect at the
time we receive the deposit. The disclosed annual percentage yield assumes interest
will remain on deposit until maturity. A withdrawal will reduce earnings.
Compounding frequency
Interest will be compounded every month.
Crediting frequency
Interest will be credited to your account every month.
Minimum balance to open the account
You must deposit $10,000.00 to open this account.
Daily balance computation method
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.
Accrual of interest on noncash deposits
Interest begins to accrue on the business day you deposit noncash items (for example,
checks).
Transaction limitations
You may make three deposits into your account before maturity if your account has
a term of six months or greater. You may not make deposits into your account before
maturity if your account has a term of less than six months.
You may not make withdrawals of principal from your account before maturity.
You cannot withdraw interest from your account before maturity.
Time requirements
Your account will mature on the maturity date of the certificate.
Effect of closing an account
If you close your account before interest is credited, you will not receive the
accrued interest.
Early withdrawal penalties
(a penalty may be imposed for withdrawals before maturity)
If your account has an original maturity of 90 days or less:
The fee we may impose will equal 30 days' interest on the amount withdrawn subject
to penalty.
If your account has an original maturity of 91 days through one year:
The fee we may impose will equal 90 days' interest on the amount withdrawn subject
to penalty.
If your account has an original maturity of more than one year:
The fee we may impose will equal 180 days' interest on the amount withdrawn subject
to penalty.
In certain circumstances such as the death or incompetence of an owner of this account,
the law permits, or in some cases requires, the waiver of the early withdrawal penalty.
See your plan disclosure if this account is part of an IRA or other tax qualified
plan.
Automatically renewable time account
This account will automatically renew at maturity. You may prevent renewal if we
receive written notice from you before maturity of your intention not to renew or
you withdraw the funds in the account at maturity (or within the grace period mentioned
below, if any). We can prevent renewal if we mail notice to you at least 30 calendar
days before maturity.
Each renewal term will be the same as the original term, beginning on the maturity
date. The interest rate will be the same we offer on new time deposits on the maturity
date which have the same term, minimum balance (if any) and other features as the
original time deposit.
You will have ten calendar days after maturity to withdraw the funds without a penalty.
We may require not less than 7 days' notice in writing before each withdrawal from
an interest-bearing account other than a time deposit, or from any other savings
account as defined by Regulation D. Withdrawals from a time account prior to maturity
or prior to any notice period may be restricted and may be subject to penalty. See
your notice of penalty for early withdrawal.
All new accounts will be processed through ChexSystems. All accounts closed for
cause will be reported to ChexSystems or similar reporting.
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