Business Checking Accounts

BUSINESS ACCOUNTS

Limitations: You must deposit $500.00 to open this account.

Account Fees: The monthly service charge is $5.00. There is a $.10 per debit item and a $.06 per deposit item charge for this account. An earnings credit based on the current savings rate for the collected balance will offset the service charge. All deposited items will be given a one day float factor. If your earnings credit is not sufficient to offset the account charges, the difference will be deducted from the account. Other fees may be charged on your monthly statement cycle, see the fee schedule for additional disclosures.

BUSINESS NOW ACCOUNTS

Customer types allowed are individuals, sole proprietorships, trusts, non profit entities and government entities. Those businesses prohibited are corporations, partnerships, associations and credit unions.

Limitations: You must deposit $1000.00 to open this account.

Account Fees: There will be a maintenance charge and item charge while paying interest for the balance you carry in your account. The monthly maintenance fee is $15.00. There is a $.10 per debit item and a $.06 per deposit item charge for this account.

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. All items deposited will be given a one day float factor to compute the collected balance. You will receive interest on the collected balance. The interest rate will be adjusted weekly and is 60% of the 90 day treasury bill rate as posted in the Wall Street Journal. Interest will be compounded daily and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest.

PREMIUM BUSINESS NOW ACCOUNT

Customer types allowed include individuals, sole proprietorships, trusts, non profit entities and government entities. Those business prohibited are corporations, partnerships, associations and credit unions.

Limitations: You must deposit $1000.00 to open this account.

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. All items deposited will be given a one day float factor to compute the collected balance. You will receive interest on the collected balance. The interest rate will be adjusted weekly and is 80% of the 90 day treasury bill rate as posted in the Wall Street Journal. Interest will be compounded daily and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest. Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest.

Account Fees: There will be a maintenance charge and item charge while paying interest for the balance you carry in your account. The monthly maintenance fee is $30.00. There is a $.10 per debit item and a $.06 per deposit item charge for this account.