|
|
|
Cash Management & Savings Accounts |
| |
| |
|
Commercial Sweep Repurchase Agreements |
|
|
|
Sweep
Advantages |
|
|
Commercial Account Analysis
|
|
|
Statement Savings |
|
|
Prime Savings |
|
| |
| |
|
Commercial Sweep Repurchase
Agreements |
|
Back to the Top |
|
|
|
Cash sitting in your business checking account
represents a missed opportunity for investment income.
Unfortunately, managing that idle cash takes valuable time. |
|
|
|
If you usually have more cash in your
business checking account than you need to meet your daily operating
needs, a Stephenson National Bank & Trust Automated Sweep Repurchase
Agreement Account would be a smart choice . |
|
|
|
For more information, contact your
account representative. |
|
|
| |
|
|
|
Sweep Advantages |
|
Back to the Top |
|
Ø
Earn interest without giving up access
to your cash. |
|
|
Ø
Convenient and quick way to transfer
cash on a regular basis. |
|
|
Ø
Saves you time in monitoring accounts
and making transfer requests.
|
| |
| Funds held by The Stephenson National Bank & Trust
in the sweep repurchase agreement accounts (transfer accounts) are not
deposits and therefore are not insured by the Federal Deposit Insurance
Corporation (FDIC). |
| |
| |
|
Commercial Account Analysis |
|
Back to the Top |
|
|
|
Account Analysis is a way to recognize
the value of your balances and provide you with the services you need at
the same time. |
|
|
|
Account Analysis is designed to
benefit your business. It helps you manage your accounts to your best
advantage. It allows customers to pay for account activity either
through balances or fees. In fact, you can plan to maintain your
balances to completely offset any fees. |
|
|
|
Each month, The Stephenson National
Bank & Trust analyzes your account by comparing the cost of the services
you use with the balances you maintain. If you have more than one account
and would like any fees charged to a designated main account, we
will provide you with a consolidated analysis of this account.
This option accumulates and aggregates service fees, along with an
aggregated earnings credit for your designated accounts. You will
receive statements for each individual account and a consolidated
statement. Consolidation provides you the information you need to
actively manage your business accounts.
|
|
|
|
A separate fee schedule will apply.
A Personal Banker or Bookkeeper can assist you with any questions and
all available options. |
| |
| |
|
Statement
Savings ($50 deposit to open)
|
|
Back to the Top |
|
Ø
$50 minimum balance required to obtain the disclosed annual
percentage yield. |
|
|
Ø
$100 minimum balance requirement to avoid $1 per month
service charge. |
|
|
Ø
Interest compounded quarterly. |
|
|
Ø
Interest credited to the account quarterly. |
|
|
Ø
$10 fee if account is closed within three months of opening
date. |
|
|
Ø
Interest rate and annual percentage yield may change daily
at our discretion. |
|
|
|
Ø
Refer to
Deposit Rates for current interest
rates. |
|
|
Ø
FDIC insured. |
| |
| |
|
Prime
Savings ($5,000 deposit to open)
|
|
Back to the Top |
|
Ø
Balance of $5,000 or more pays an interest rate of one-half
of Prime Rate as quoted in the Wall Street Journal. |
|
|
Ø
Interest compounded monthly. |
|
|
Ø
$10 fee if account is closed within three months of opening
date. |
|
|
Ø
Interest rate on balances over $5,000 may change
at our discretion. |
|
|
|
Ø
Refer to
Deposit Rates for current interest
rates. |
|
|
Ø
FDIC insured. |
|
| |
