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COMMERCIAL |
Regular | Commercial | ||
| COMMERCIAL CHECKING ACCOUNT | |||||
| Minimum Opening Balance | $300.00* | ||||
| Required Minimum Balance | Low Balance Charge | ||||
| Over $5,000.00 | $0.00 | ||||
| $0.00- $4999.99 | $15.00 | ||||
| *If account is opened with the minimum opening balance, a low balance | |||||
| charge of $15.00 will be assessed. | |||||
| COMMERCIAL SAVINGS ACCOUNT* | |||||
| Minimum Opening Balance | $150.00* | ||||
| Required Minimum Balance | Low Balance Charge | ||||
| Over $500.00 | $0.00 | ||||
| $0.00- $499.99 | $5.00 | ||||
| Interest is paid quarterly. You are allowed one withdrawal per | |||||
| month. An excess withdrawal fee of $3.00 will be charged after | |||||
| the first withdrawal. *If account is opened with minimum opening | |||||
| opening balance, a low balance charge of $5.00 will be assessed. | |||||
| COMMERCIAL NOW ACCOUNT* | |||||
| Minimum Opening Balance | $1,000.00 | ||||
| Required Minimum Balance | Low Balance Charge | ||||
| Over $2,500.00 | $0.00 | ||||
| $0.00- $2,499.99 | $17.50 | ||||
| Unlimited check writing privilege. | |||||
| NOW Accounts are only available to individuals, sole-proprietorship, | |||||
| non-profit organizations and governmental units. | |||||
| *If account is opened with the minimum opening balance, a low balance | |||||
| charge of $17.50 will be assessed. | |||||
| COMMERCIAL MONEY MARKET SAVINGS* | |||||
| Minimum Opening Balance | $1,000.00 | ||||
| Required Minimum Balance | Low Balance Charge | ||||
| Over $2,500.00 | $0.00 | ||||
| $0.00- $2,499.99 | $15.00 | ||||
| Transfers from a Money Market Savings account to another account | |||||
| or to third parties by preauthorized, automatic, telephone or computer | |||||
| transfer or by check, draft or similar order to third parties are limited | |||||
| to six per month. After the six transaction a Regulation D Violation | |||||
| Fee of $3.00 will be charged. An excess withdrawal fee of $3.00 will | |||||
| be charged for each additional withdrawal. | |||||
| *If account is opened with the minimum opening balance, a low balance | |||||
| charge of $15.00 will be assessed. | |||||
| CERTIFICATE OF DEPOSIT | |||||
| Minimum Opening Balance | |||||
| $1,000.00 | |||||
| INDIVIDUAL RETIREMENT ACCOUNT | |||||
| $500.00 | |||||
| We may require not less than 7 days’ notice in writing before each withdrawal | |||||
| from an interest-bearing account other than a time deposit or from any other savings | |||||
| account as defined by Regulation D. Withdrawals from a time account prior to | |||||
| maturity or prior to any notice period my be restricted and may be subject to penalty. | |||||