Business Savings Accounts: Allows you to earn a competitive interest rate on all balances.  A $100.00 minimum daily balance is required to avoid a $3.00 monthly service charge.

Business Money Market Accounts: Allows you to earn a higher interest rate based on a tiered balance structure.  A $1,000.00 minimum daily balance is required to avoid a $10.00 monthly service charge.  Federal regulations limit a total of six (6) “Pre-authorized withdrawals” during each statement period.  “Pre-authorized withdrawals” include automatic transfers, electronic telephone transfers, on line banking transfers and debits.  Regulations also require that no more than three (3) checks may be paid during each cycle; however, there are no limits on the number of deposits or in-person withdrawals.

Certificates of Deposit: When daily liquidity is not a concern, certificates of deposit are the best option to earn the highest interest rate.  The annual percentage yield earned depends on the length of time you choose.  A penalty will be imposed for withdrawals before maturity.