Competitive rates on interest-earning savings account
for businesses.
Minimum deposit to open and earn interest is $100
Maintain daily balance of $100 to earn the posted annual percentage yield
No balance maintenance fee if daily balance is maintained at $100 (otherwise, $2 fee is imposed per statement cycle)
Limit of 6 transfers, payments or withdrawals per statement cycle, of which only 3 can be made payable to a third party. Excess withdrawal fee of $3 is assessed after limit is reached per cycle.
Interest compounds and credits account quarterly
Quarterly statements
Interest is forfeited if account is closed before statement cycle.