BUSINESS SAVINGS

We know the dynamics of your business can change daily and the last thing you need to worry about is if you are financially prepared to meet those changes. Our savings, money market, and certificate of deposit accounts are designed to help you manage your cash reserves while earning interest. Whether you are looking for a short-term or long-term savings plan, we have a solution for you.

Business Preferred Money Market
Certificates of Deposit
CDARS
Regular Savings

Business Preferred Money Market

An investment plan designed for the business that would like to maintain a higher balance, earn a higher interest rate, and still have regular access to their funds.

• No monthly fee when the minimum balance is maintained
• $5 service charge per month if your balance falls below $1,000
• A variable interest rate is earned daily, compounded and credited monthly
• Six transfers, withdrawals or automatic payments can be made each month. Three of the six may be by check or debit card.

Certificates of Deposit

For businesses, non-profits, and public services who want to earn a high rate of interest and do not need to access their funds for a set period of time.

Interest rates are tiered based upon total amount of deposit and length of commitment. Contact your banking representative for more information.

CDARS

This unique product allows businesses, non-profits, and public services to receive FDIC insurance on certificates of deposit of over $250,000. By belonging to an exclusive network of banks, we can offer our customers the ability to diversify their funds with the benefit of certificate of deposit rates and FDIC insurance on large deposits. Contact your bank representative today to find out more.

Regular Savings

For small, medium or large businesses that have small sums of cash in reserve that need to be accessed on a regular basis.

• No monthly fee when the minimum balance is maintained
• $1.50 service charge per month when your balance falls below $100 at any time during the month
• A variable interest rate is earned daily, compounded and credited quarterly
• Up to six transfers, withdrawals, or automatic payments can be made per month

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE
FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.