|
A
savings account may be ideal for any business or organization wishing
to segregate funds for a special purpose or for the future payment
of a known expense. Savings accounts can be used as a kind of accrual
program for future expenditures such as insurance premiums, replacement
of equipment, replacement or repair of facilities, or other similar
needs. Commercial savings accounts can grow systematically with
automatic transfers from the organization’s checking account.
See details below!
| |
Commercial Money Market |
Commercial Statement Savings |
| Who Can Open |
Sole Proprietorship |
Sole Proprietorship |
| Unincorporated Assoc. |
Unincorporated Assoc. |
| Corporation |
Corporation |
| Partnership |
Partnership |
| LLC |
LLC |
| Monthly Maintenance |
$7.50 |
$3 |
| Fee Per Check Written |
16¢ |
1 free, then $1 each |
| Fee Per Deposit |
30¢ |
30¢ |
| Fee Per Deposited
Item |
On us: 8¢ |
8¢ |
| Local: 8¢ |
8¢ |
| Non-local: 8¢ |
8¢ |
| Limit on Check Writing |
6 third-party payments * |
6 third-party payments |
| Initial Deposit |
$1,000 |
$100 |
| Interest Bearing |
Yes |
Yes |
| Earnings Credit |
15¢ per $100 Avg. Inv. Bal. |
No |
* No more than 3 by check.
NOTE: Other terms and conditions may
apply. Please contact a customer service representative for more
information.
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EHL