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Business Banking Rates - Effective: 07/14/10

  Min Balance
to Open
Min Balance
to Avoid
Maint Fee
Maint Fee Min Tier to Earn Interest Interest
Rates
APY*
Small Business Checking
Small Business Checking $100

$2,500

$15/mo

NA

0.00%

0.00%

Commercial Checking ** $100

$2,500

$15/mo

NA

0.00%

0.00%

Business Interest Checking ***/**** $100

$2,500

$15/mo

0.01

0.20%

0.20%

   

 

 

10,000

0.20%

0.20%

   

 

 

50,000

0.25%

0.25%

   

 

 

100,000

0.25%

0.25%

   

 

 

500,000

0.25%

0.25%

Savings & Money Market Accounts
Business Savings **** $100

$500

$3/qtr

All

0.50%

0.50%

Premier Business Savings **** $50,000

$500

$3/qtr

0 .01

0.00%

0.00%

   

 

 

50,000

0.50%

0.50%

Business High Yield Money Market **** $2,500

$2,500

$12/mo

  0.01

0.65%

0.65%

   

 

 

10,000

1.00%

1.00%

   

 

 

50,000

1.24%

1.25%

   

 

 

100,000

1.24%

1.25%

   

 

 

500,000

1.24%

1.25%

Certificates of Deposit
Business CD's *****
Under 90 Days  

 

 

 

0.15%

0.15%

90 Days  

 

 

 

0.50%

0.50%

180 Days  

 

 

 

0.65%

0.65%

12 Months  

 

 

 

1.14%

1.15%

24 Months  

 

 

 

1.24%

1.25%

30 Months  

 

 

 

1.39%

1.40%

36 Months  

 

 

 

1.49%

1.50%

48 Months  

 

 

 

1.59%

1.60%

60 Months  

 

 

 

1.79%

1.80%

 

*Annual Percentage Yield
**Commercial checking accounts are analyzed and an earnings credit is applied to average collected balances during the month. Earnings credits can be used to offset service charges on the account but cannot exceed such charges and unused earnings cannot be carried forward.
***Restricted to IOTA and not for profit
****Rate may change after the account is opened. Fees could reduce the earnings on the account.
*****Early withdrawal penalties may apply.