Business Deposit Services
Business Share Draft/Checking Account
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® Debit 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.
Select the Business Share Draft level that matches your transaction needs.
|Product or Service||Business 150||Business 300||Business 450|
|Free transactions per month1||150||300||450|
|Monthly maintenance fee||$0||$10||$15|
|Minimum average monthly balance to avoid fee2||$0||$2,500||$10,000|
|Minimum balance to earn dividend2||$2,500||$2,500||$2,500|
|Visa® Debit Card3||Free||Free||Free|
|PC Access and Bill Pay||Free||Free||Free|
|Available overdraft protection5||Yes||Yes||Yes|
1 Over limit charge of $0.25 per transaction. Counted transactions include all cleared checks, ACH 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.
Business Money Market 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.
Business Money Market Features:
- Dividends earned on balances of $2,500 or more
- Dividends are compounded and paid monthly
- Monthly statements
- Write up to six checks per month
- No monthly fees
- Internet and telephone access
Business Share Certificate
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.
Open a Business Account Today!
Call our Member Service Center for an appointment to discuss your business deposit needs.
For more information please view our Business Account Agreement.