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A Business/Commercial Checking account is non-interest bearing account available to corporations, partnerships, individual unincorporated businesses and associations. Images of cancelled checks and deposit tickets are returned with your monthly statement. Maintenance fees and other charges will be designed and tailored to best meet your banking needs.
The regular savings account is an interest bearing account that offers competitive rates of interest with the convenience of immediate availability of funds. The interest rate and annual percentage yield may change daily at our discretion. Interest begins to accrue on the business day you make a deposit. Interest is compounded daily and credited to your account quarterly. This method applies a daily periodic rate to the balance in the account each day. If you closed your account before interest is credited you will receive the accrued interest. You must maintain a minimum balance of $10.00 to obtain the disclosed annual percentage yield. You must deposit $100.00 to open this account. A quarterly maintenance fee of $3.00 will be imposed if the balance in the account falls below $100.00 on any day of the statement cycle. No minimum balance charge will be assessed for account holders age 23 and under or non-profit organizations. You may make no more than six (6) transfers and/or withdrawals during any calendar month to another of your accounts with us or to a third party by means of pre-authorized or automatic transfer, or telephone agreement, order or instruction. No more than three (3) of the six (6) may be made by check, debit card, or similar order made by you and payable to third parties. If you make over 9 withdrawals per calendar quarter, a fee of $1.00 per transaction will be assessed for each additional withdrawal.
The MMDA money market account is a limited-transaction account that earns a money market rate of interest. The interest rate and annual percentage yield may change daily at our discretion. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the current rate sheet. Interest begins to accrue on the business day you make a deposit. Interest is compounded monthly and credited to your account monthly using the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the balance in the account each day. If you close your account before interest is credited you will receive the accrued interest. You must maintain a minimum balance of $1.00 to obtain the disclosed annual percentage yield. You must deposit $2,500.00 to open this account. Withdrawals and transfers are limited to no more than six (6) during any one (1) calendar month or statement cycle (the period from one statement to the next), to another of your accounts with us or to a third party by means of a pre-authorized or automatic transfer, or telephonic agreement, order or instruction. No more than three (3) of the six (6) may be made by check, draft or similar order made by you and payable to third parties. A monthly maintenance fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 on any day of the statement cycle. A per check fee of $1.00 will be charged for each check in excess of three (3) during a statement cycle.
Certificates of deposits offer higher rates of interest in exchange for committing your deposit for a specific time period. Interest rates are fixed for the term of the deposit and interest is compounded quarterly. You can chose to either have the interest credited to your certificate or to another account with us or with another financial institution. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the balance in the account each day. A penalty may be imposed for early withdrawal, however you will receive all accrued interest to date of withdrawal. We offer certificates of deposit with a variety of maturity ranges as shown on the current rate sheet. You must deposit $500.00 to open the account and obtain the annual percentage rate disclosed.
Business/Farm installment loans allow you to make major purchases or expenditures and pay for them in affordable monthly payments. We offer terms that will meet your needs. Interest rates can be fixed or variable.
A business adjustable rate mortgage loan is made to finance or re-finance real estate and is secured by a lien on your property. The interest rate and payments on your loan can adjust periodically, based on market conditions.
A business fixed rate mortgage loan is made to finance or re-finance real estate and is secured by a lien on your property. The interest rate and payments remain constant through the term of your loan, which is usually shorter than the monthly amortization period, and then subject to change.
A line of credit allows the business/farm owner to make major purchases or expenditures without a trip to the bank. Interest rates can be fixed or variable.
Free XPRESS BANKING telephone service provides access to your account information 24 hours a day, 7 days a week from the convenience of your home or work.
Free personal computer service provides access to your account information 24 hours a day, 7 days a week from the convenience of your home or work.
A safe deposit box enables you to store your valuables, important documents and irreplaceable items in the safety and security of the vault.