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Savings Accounts
Savings Link
Put your funds to work. Earn a competitive interest rate while saving for your business.
- Earns interest on average daily balance
- Low minimum balance required to avoid monthly maintenance fee
- Preferred loan rates with auto payment option
- Free online banking
- Free Telebank 24-hour bank by phone.
- Two free withdrawals per month
- Automatic savings plan available
- Minimum to open: $100
- If minimum balance falls below $300, the minimum balance fee is $3
- Interest paid monthly - see us for current rates
- Withdrawal limitations:
- Allowed (2) withdrawals per month @ no charge
- Each additional withdrawal $2
Money Market Link
For the business that wants a simple earning option for excess funds, a tiered interest rate structure allows you the flexibility to manage your money and earn higher rates.
Five premium interest rate tiers: |
|
---|---|
Tier 5 | up to $24,999.99 |
Tier 4 | $25,000 to $49,999.99 |
Tier 3 | $50,000 to $149,999.99 |
Tier 2 | $150,000 to $249,999.99 |
Tier 1 | $250,000 and above |
- Call for current rates
- Free Telebank 24-hour bank by phone
- Monthly statement with check images
- Free Online banking
- Preferred loan rates with auto debit
- Minimum to open: $100
- If minimum balance falls below $2,500, the monthly maintenance fee is $15
- Interest paid monthly
- Excessive transaction fee (each withdrawal): $15
No more than six (6) transfers or withdrawals per monthly statement cycle.
Certificates of Deposit for Business
Certificates of Deposit (CDs) offer a secure way to invest your money and earn a guaranteed return. You can have peace of mind with an FDIC-insured investment.
- Flexible terms
- No service fees, but early withdrawal penalties apply
- Fixed rates
- Premium rates for deposits over $100,000
- Minimum balance to open: $1,000
- Fees: None
- Interest payment frequency: Monthly, quarterly, or annually
IOLTA
Reserved for attorneys and law firms, this is a free holding account for client funds.
- $1,500 minimum to open
- Monthly maintenance fee: $6
- If minimum balance falls below $1,500, the minimum balance fee is $10 per month
- Interest earned is remitted directly to the Bar Foundation
- Interest earned may offset service charges
- Easy to balance monthly statement