Business Checking Accounts

Advantage Business Checking

 Business Checking

Business Super Now

Small Business Checking

Money Market

Progressive Money Market

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Business Checking ($100 deposit to open) 

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Ø      No minimum balance.

Ø      $5 service charge per month.

Ø      $.10 per debit, $.10 per transit item.

Ø      $.10 credit per $100 average monthly collected balance.

Ø      Early closing fee of $10 if closed within first three months.

Ø      Cancelled checks retained by bank.

Ø      FDIC insured.

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v      Sole proprietors are eligible for interest bearing checking accounts.

v      Partnerships and Corporations are not eligible for interest bearing checking accounts per Federal Government Regulations.

Ø      $1000 minimum balance required to obtain the disclosed annual percentage yield.

Ø      $10 fee per statement cycle if daily collected balance is below $1000.

Ø      Interest calculated using the daily collected balance method.

Ø      More than forty (40) debits; $.10 per debit for entire statement cycle.

Ø      More than forty (40) transit items; $.10 per item for entire statement cycle.

Ø      Early closing fee of $10 if closed within first three months.

Ø      Refer to Deposit Rates for current interest rates.

Ø      Cancelled checks retained by bank.

Ø      FDIC insured.

Small Business Checking ($100 deposit to open)

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Ø      $10 fee per statement cycle if at any time the daily collected balance falls below $100.

Ø      More than twenty (20) checks; $.20 for each additional check per statement cycle.

Ø      More than twenty (20) transit items; $.20 for each additional item per statement cycle.

Ø      Early closing fee of $10 if closed within first three months.

Ø      Cancelled checks retained by bank.

Ø      FDIC insured.

Money Market ($1,000 deposit to open)

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Ø      $1,000 minimum balance required to avoid service charge.

Ø      $10 fee per statement cycle if at anytime the balance falls below minimum requirements.

Ø      Provides higher interest rate than interest checking accounts.

Ø      Maximum withdrawal allowed are six per month, three of which can be checks.

Ø      Early closing fee of $10 if closed within first three months.

Ø      Refer to Deposit Rates for current interest rates.

Ø      Cancelled checks retained by bank.

Ø      FDIC insured.

Progressive Money Market ($10,000 deposit to open)

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Ø      $10,000 minimum balance required to avoid service charge.

Ø      $10 fee per statement cycle if at anytime the balance falls below minimum requirements and rate then reverts to savings rate.

Ø      Tiered interest rate based on 91-day treasury.

Ø      Interest rate changes on the fifth business day of each month.

Ø      Unlimited in-house deposits and withdrawals.

Ø      Maximum withdrawal allowed are six per month, three of which can be checks.

Ø      Early closing fee of $10 if closed within first three months.

Ø      Refer to Deposit Rates for current interest rates.

Ø      Cancelled checks retained by bank.

Ø      FDIC insured.