|
Business Savings
 |
MarketRate
Investment
|
MY® Account and Commodore MY® Account
|
Certificates
of Deposit
|
| Main Account Benefits |
Maximum convenience and liquidity |
Earn interest at market rates and
still have complete access to your savings. |
Competitive interest rate with complete
access to your funds via in-office transactions and checks |
Flexible terms of 42 days and up
give you options in rates and liquidity |
| Minimum deposit to open account |
$1,000 and qualified business checking account |
$2,500 |
$10,000 for MY® Account
$25,000 for Commodore MY® Account
|
As little as $500 - determined by
type of CD |
| Deposits and Withdrawals |
 |
Unlimited in-office deposits and withdrawals |
|
Two free checks per monthly statement* |
|
|
Unlimited in-office deposits and withdrawals |
|
Three free checks per monthly
statement* |
|
|
Unlimited in-office deposits and
withdrawals |
|
Three free checks per monthly
statement* |
|
|
Varies by product. See individual product descriptions
for details. |
|
| Interest Rate |
Click here for current rate |
Generally higher than regular savings
- Click here for current rate |
Generally higher than MarketRate Investment
- Click here for current rates |
Depends on type of CD - Click here
for current rates |
| Service Fee Policy |
|
No fee with $1,000 daily balance; $4 monthly fee applies when balance falls below $1,000. |
|
ATM fees apply, if applicable. |
|
No fee with $2,500 minimum balance; $8 monthly fee applies
when balance falls below $2,500. |
MY Account - No fee with $10,000 minimum balance; $10 monthly fee
applies when balance falls below $10,000.
Commodore MY Account - No fee with $25,000 minimum balance; $20 monthly fee applies when balance falls below $25,000. |
No service fee. |
| Statement Policy |
|
Statements mailed quarterly (monthly when transactions occur). |
|
ATM card holders receive statements |
|
Statements mailed quarterly (monthly when transactions
occur). |
Statements mailed quarterly (monthly when transactions
occur). |
Your certificate is your permanent record. Plus
receive a maturity notice. |
* Because the Business Savings Account, MarketRate
Investment Account, MY® Account and Commodore MY® Account are types of savings accounts, no more than six transfers are allowed per statement period. Three of the six transfers can be by check. Only the first two check withdrawals per month are free with the Business Savings Account. |
