Knowing how important a checking account is to a business, we've structured the account according to your business needs. The chart below describes the three levels we offer. You select which level is right for you based on your transaction volume. Dividends are earned on balances of $2,500 or more. A Visa® Check Card, 24-hour online and telephone access, online statements and bill pay are all services offered at no cost to you. A line of credit can be approved for your protection when you run short of cash or overdraw your account.
Our Business Money Market Account is designed for our members with consistent savings account balances who want to earn more dividends than they would in a regular deposit account. Dividend rates on this account are tiered... so the more you have on deposit, the more you earn.
A share certificate is a safe investment vehicle that locks you into a higher dividend rate for a determined period of time. With as little as $500.00, you can deposit funds from six to sixty months that are fully insured up to $250,000.
1 Over limit charge of $0.25 per transaction. Counted transactions include all cleared checks, ACH debits, Bill Payer debits, debit card purchases, over-the-counter cash deposits, over-the-counter check deposits (each check), transfers, and withdrawals.
2 Dividend rate tiers; $2,500-$9,999; $10,000-$24,999; $25,000 and up. No dividends will be paid if the average balance falls below $2,500.
3 All credit services are subject to application and approval.
4 Paper statement fee of $5 per month.
5 Overdraft transfer fee of $5 per occurrence from a savings or line of credit. Federal Regulation D permits 6 overdraft transfers per month from a savings account. Transfers from a line of credit are unlimited.
For more information please view our Business Account Agreement.