BUSINESS SAVINGS PRODUCTS

 

Regular Savings

How to do some serious saving when convenience counts.

  • Minimum opening deposit: $100.00
  • Minimum balance required to avoid service charges: $100.00
  • If at any time balance falls below $100.00 (per month) $1.00 service charge
  • Interest will not be paid if daily balance falls below $100.00
  • Interest computation method daily balance
  • Interest will be compounded and credited monthly
  • Transaction Limitations: 2 withdrawals per month with a charge of $3.00 for each additional withdrawal (includes electronic payments & automatic transfers). $3.00 charge if account is closed within 3 months of opening.
  • See Truth in Savings brochure for further details.

 

Money Market Account (MMIA)

  • Minimum opening deposit: $2,500.00
  • Minimum balance to avoid service charge: $2,500.00
  • Minimum daily balance to obtain APY as listed: $1,500.00
  • Monthly Maintenance fee if balance is below $2,500.00: $6.00
  • Insufficient funds charge: $25.00 per item
  • Stop payment charge: $25.00 per item
  • Free On-line banking, Bill Pay, and Fone 1st
  • Free E-Statements
  • Competitive rates

 

Tower Money Market Account

  • Minimum opening deposit: $2,500
  • Monthly Maintenance fee if balance is below $15,000.00: $15.00
  • As high as 1.005% APY
  • New money only
  • Low opening balance
  • Competitive tiered rates
  • Very liquid account
  • Unlimited in-person withdrawls and transfers

      Learn more about our Tower Money Market Account!

Back to top