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/checks/electronic debits per month; checks and electronic 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 transfers/electronic debits per month
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$9/quarter service charge if daily balance falls below $200
Certificates of Deposit 100% FDIC insured
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Terms ranging from 3 months to 5 years
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Jumbo certificates available
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Interest compounded quarterly
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Penalties may be enforced for early withdrawals
*Unlawful Internet Gambling Notice - Restricted transactions as defined in Federal Reserve Regulation GG are prohibited from being processed through this account or relationship. Restricted transactions generally include, but are not limited to, those in which credit, electronic funds transfers, checks or drafts are knowingly accepted by gambling businesses in connection with the participation by others in unlawful Internet gambling.
