Business Checking & Savings

Business Checking

*Annual Percentage Yields and Interest Rates are current as of November 2, 2021.

Small Business Checking

  • Low cost checking for small businesses with limited transactions. 
Minimum Opening Deposit Minimum Balance Requirement Monthly Service Charge Transaction Fees APY* Interest Rate
$300
None
None
300 free items per month (includes deposits, deposited items, debits, ACH); $0.30/item over 300
None
None

Commercial Checking

  • Earnings credit to offset fees = Current NOW account rate.
  • Unlimited checkwriting.
  • Essential tool for medium to large businesses with higher levels of activity.
Minimum Opening Deposit Monthly Balance Requirement Monthly Service Charge Transaction Fees APY* Interest Rate
$300
None
$10/month service charge + transaction fees
$0.15/deposit, $0.10/deposited item, $.015/debit (includes ACH)
None
None

Community NOW Checking

  • Designed for non-profit organizations
Minimum Opening Deposit Monthly Balance Requirement Monthly Service Charge Transaction Fees APY* Interest Rate
$300
No daily balance requirement to earn interest
None
None
0.05%
0.05%

Merchant Checking

  • Earnings credit to offset fees = Current NOW account rate (based on average monthly ledger balance less average uncollected balance and bank’s legal reserve amount).
  • Designed for high volume retail accounts. 
Minimum Opening Deposit Monthly Balance Requirement Monthly Service Charge Transaction Fees APY* Interest Rate
$300
None
$15/month service charge + transaction fees
• $0.66/deposit
• $0.36/deposited item
• $0.23/debit (includes ACH)
• $1.35/$1,000 currency
• $0.35/coin roll
• $1.65/$1,000 currency (cash) deposited
• FDIC insurance fee = $0.19/$100 average monthly balance
• $75 overnight security fee
None
None

Business Savings

Commercial Savings Account

  • A safe haven for business assets
  • Quarterly statement
  • Limit of 6 transfers/electronic debits per month
Minimum Opening Deposit Monthly Balance Requirement Monthly Service Charge Transaction Fees APY* Interest Rate
$200
No daily balance required to earn interest
$9/quarter service charge if daily balance falls below $200
Nine free withdrawals per quarter; additional withdrawals are $1 each
0.05%
0.05%

Commercial Money Market

  • The higher the balance, the higher the rate
  • Limited to 6 transfers/checks/electronic debits per month
  • Maintain minimum balances in the account each day to earn interest 
Minimum Opening Deposit Monthly Balance Requirement Monthly Service Charge Transaction Fees APY* Interest Rate
$1,500
Daily balance requirement of $200 or more to earn interest
$10/month service charge if balance falls below $5,000
Unlimited deposits and in-person withdrawals; checks and electronic debits are $2 each
Balance APY* Interest Rate
Below $2,499.99
0.05%
0.05%
From $2,500.00 to $9,999.99
0.05%
0.05%
From $10,000.00 to $24,999.99
0.10%
0.10%
Above $25,00.00
0.15%
0.15%

Certificates of Deposit

  • $500 minimum to open
  • Maintain daily minimum balance of $500 or more to earn interest
APY* Interest Rate
12 Month CD
0.20%
0.20%
15 Month CD
0.20%
0.20%
18 Month CD
0.25%
0.25%
22 Month CD
0.25%
0.25%
24 Month CD
0.30%
0.30%
30 Month CD
0.30%
0.30%
36 Month CD
0.40%
0.40%
48 Month CD
0.50%
0.50%
60 Month CD
0.55%
0.55%

Certificates of Deposit

  • $2,500 minimum to open
  • Maintain daily minimum balance of $2,500 or more to earn interest
APY* Interest Rate
3 Month CD
0.10%
0.10%
6 Month CD
0.15%
0.15%
9 Month CD
0.15%
0.15%

Jumbo Certificates of Deposit

  • $100,000 minimum to open
  • Maintain daily minimum balance of $100,000 or more to earn interest
APY* Interest Rate
3 Month CD
0.10%
0.10%
6 Month CD
0.15%
0.15%
12 Month CD
0.20%
0.20%
24 Month CD
0.30%
0.30%

For current rate information, call 217-351-2870.

  • Any fees associated with the above accounts can decrease the earnings on the account.
  • Variable Rate Accounts are subject to interest rate changes after the accounts are opened.
  • All certificates are subject to early withdrawal penalties.

 

For more information call or email:

Cary Steinman
csteinman@bankchampaign.com, opens in default email program
(217) 351-2870

Zack Flynn
zflynn@bankchampaign.com, opens in default email program
(217) 351-2870