Business Savings: Federal regulations limit the number of withdrawals and/or transfers from a savings account by telephone/PC transfer, pre-authorized transfer, check or debit card. Limitations include six withdrawals and/or transfers from a savings account each monthly statement cycle by pre-authorized transfer, or telephone/PC transfer (including bill payments). If the account permits transfers by check or debit card, no more that three of the six limited transfers may be by check or debit card.

• Any business including Corporations and Partnerships may open this type of account
• Interest is compounded daily, credited quarterly and calculated based on daily balance method. The rate of interest established by the bank is subject to change.
• Minimum deposit to open account.....$100.00
• Minimum daily balance to earn interest..... $50.00
• Per withdrawal charge after exceeding regulatory limitations above (frequent exceeding of limitations may result in account reclassification or closure)..$1.00
• Quarterly maintenance fee if quarterly minimum balance is less than $100.00 ……$3.00
• Penalty for early closing within 90 days......$15.00