Commercial Savings
June 06, 2026
Rate Information
The interest rate on your account is: 0.05% with an annual percentage yield (APY) of 0.05%
If your daily balance is less than the minimum balance required, $100.00, the interest rate on your account will be 0.000% with an annual percentage yield of 0.00%. Your interest rate and annual percentage yield (APY) may change. At our discretion, we may change the interest rate on your account daily.
Interest will be compounded daily and will be credited to the account on the last day of each calendar quarter.
Minimum Balance Requirements
To open a Commercial Savings account, you must deposit $100.00 or more. The minimum balance required to earn interest is $100.00. A minimum balance fee will be imposed at the end of each calendar month if the average daily balance falls below $300.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
Fees
Please refer to the separate service charge schedule(s) for all other fees that may be charged on this account.
Transaction Limitations
After the deposit account is opened, you may make deposits into or withdrawals from the deposit account in person or by mail at any time in amounts of $10.00 or more. Higher withdrawal amounts may be required at ATM locations. Electronic debits processed through the ACH are permissible, but paper drafts (checks) will not be honored. You may make three withdrawals per month with no fee. We reserve the right, in our sole discretion, to require seven (7) days’ advance notice of any withdrawal.
All other disclosure information is included in the Disclosure and Agreement for Savings and Transaction Accounts, into which this Disclosure of Terms is incorporated by reference.