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Current Rates for Business Accounts

Business Checking Accounts

 

Free Checking       General Checking       Non-Profit Checking       IOLTA Checking          
NA 1.00%**
Earnings Credit Rate
NA

.10%

 

 Certificates of Deposit for Businesses

 

Term Minimum to Open        Interest Rate            APY           
Three Month Business CD                  $50,000 .10% .10%
Six Month Business CD $10,000 .10% .10%
One Year Business CD $10,000 .10% .10%

 

Savings Accounts

 

  Minimum to open Monthly Service Fee Minimum to Avoid Fee Non-WSB ATM Fees* Interest Rate Annual Percentage Yield Minimum to Obtain Advertised APY
Presidential Business Savings $25,000 $10 $25,000 No Fee*

.20%

.15%

.10%

.05%

.20%

.15%

.10%

.05%

 $250,000+

$50,000+

$2,500+

$50+

Business Money Market***

$5,000

$10

$5,000

$1.00*

.20%

.15%

.10%

.05%

.20%

.15%

.10%

.05%

$250,000+

$50,000+

2,500+

$50+

 

APY is Annual Percentage Yield. Interest compounds monthly. Rates may change without notice. Fees may reduce earnings. Penalties are applied to withdrawals made prematurely from Certificates of Deposit. See the Truth-in-Savings disclosure for further information.

*Other banks may impose a surcharge.

**Rate is equal to 70% of the 13 week T-Bill rate as listed in the Wall Street Journal on the last day of the month, or 1%, whichever is higher.

***There is a limit of six total withdrawals per month by check, ACH, telephone or internet. $15 fee for each withdrawal over the limit.

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