Business Savings & CDs
Ask how to maximize your FDIC deposit insurance!
|Commercial Savings Account||CDs|
|Minimum Opening Deposit||$1,000||$50||Various Levels
($100, $1,000, $5,000)
|Minimum Daily Balance||$1,000
|Minimum Balance Fee||$10.00 service charge if min. daily balance falls below $1,000||$1.00 fee per month if balance falls below $50||NA|
|Variety of interest* payment options, based on deposit amount
|Interest Paid||Tiered based on ending daily balance||Quarterly||Quarterly|
|In-Person and ATM Withdrawals per Month||Unlimited||Unlimited||NA|
|Electronic Transfers and Payments to 3rd Party||Limited to 6 per month||Limited to 6 per month||NA|
|Limited Transaction Fees||$3.00 for each limited transaction over 6||$1.00 for each limited transaction over 6||NA|
|24 Hr. Bank by Phone||Yes||Yes||Yes|
|Dormant Accounts||$5.00 fee per month (no activity for 2 years or more) if balance is less than $200||$5.00 fee per month (no activity for 2 years or more) if balance is less than $200||NA|
* Rates are subject to change. Other Services and Fees may apply.
How To Open a New Checking Account
If you are interested in opening a new account with us please stop by and see any of our friendly customer service representatives at the Main Bank location,
202 S. Main, Perkins.
Initial Minimum Deposit Required: $100.00 minimum
Required Forms of ID:
- a government issued photo ID
- one additional form of ID, preferably your Social Security card
- IRS correspondence showing your TIN and your organizing or coroprate documents
We look forward to meeting you!