Business Savings & Money Market
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| Business Regular Savings |
Business Investment Savings |
Business Money Market Advantage |
|
|---|---|---|---|
| Ideal if you're looking for... | A basic savings account | A savings account with check writing privileges |
A savings account that offers premium interest rate and check writing privileges |
| How is interested determined? |
Variable Rate Compounded Daily Paid Monthly |
Variable Rate Based on tiers: $25,000 or more $10,000-$24,999 $5,000-$9,999 0-$4,999 Compounded Daily Paid Monthly |
Variable Rate Based on tiers: $500,000 or more $250,000-$499,999 $100,000-$249,999 $25,000-$99,999 0-$24,999 Compounded Daily Paid Monthly |
| What is the minimum balance to avoid fees? | $200 | $1,000 | $10,000 |
| Will I be charged a monthly maintenance fee if I fall below the minimum? |
Yes. $4 fee |
Yes. $8 fee |
Yes. $25 fee |
| What is the minimum to open the account? |
$25 |
$500 |
$10,000 |
| Are there any transaction limits? |
Yes.* Limit of 6 preauthorized withdrawals &/or transfers per month. |
Yes.* Limit of 6 preauthorized withdrawals &/or transfers per month. |
Yes.* Limit of 6 preauthorized withdrawals &/or transfers per month. |
* Additional charges may apply. See tax advisor for specific rules concerning tax deductibility.
