|
An
interest bearing Commercial Checking Account can be opened
for sole proprietorship, non-profit organizations and governmental
units. Interest will be paid monthly. Your statement will
reflect the interest earned for the month and any service
charges incurred for the month.
| Minimum
Balance to Open |
$ |
100.00
|
| Maintenance
Fee |
|
14.00
|
Checks Paid
|
|
0.17
|
| Deposits
Posted |
|
0.45
|
Deposited
Items On-Us
|
|
0.08
|
| In-State |
|
0.09
|
| Out-of-State |
|
0.10
|
| Other
Account Activity (see Fee Schedule) |
|
|
All
service charges are calculated by account analysis; including
account balance and account activity. If your monthly earnings
credit is greater than your activity charges, there is no
service charge. When the activity charge is greater than the
earnings credit for the month, you pay the net difference.
Service
charges may be offset by earnings credits. Earnings credits
are calculated on collected balances less a Federal Reserve
Requirement of 10%.
Earnings
Credit Rate is based on the prior month's average of the 91-day
T-Bill rate for balances of $25,000 or more and at the 91-day
T-Bill rate less 2.0% for balances of less than $25,000.
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