Earnings credit to offset fees = NOW account rate (based on average monthly ledger balance less average uncollected balance and bank’s legal reserve amount)
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$1.35/$1,000 currency
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$0.35/coin roll
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$1.65/$1,000 currency (cash) deposited
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FDIC insurance fee = $0.19/$100 average monthly balance
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$75 overnight security fee
Commercial Savings
Commercial Money Market The higher the balance, the higher the rate
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Minimum opening deposit of $1,500
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Daily balance of $200 or more to earn a tiered rate of interest
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Unlimited withdrawals/deposits in person; limited to six transfers per month with no more than 3 third-party checks; checks and ACH debits are $2 each
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$10/month service charge if balance falls below $5,000
Commercial Savings Account
A safe haven for business assets
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Minimum opening deposit of $200
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All balances earn interest that is compounded quarterly
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Nine free withdrawals per quarter; additional withdrawals are $1 each
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Limit of 6 pre-authorized/automatic withdrawals/transfers to other accounts per month
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$9/quarter service charge if daily balance falls below $200
