BUSINESS DEPOSIT RATES
|
| BUSINESS CHECKING |
| |
Minimum Balance to Earn Interest/Balance Tiers |
Interest
Rate |
Annual Percentage Yield (APY)* |
| Business Money Market |
$50 - 9,999 |
0.50% |
0.50% |
| $10,000 - 24,999 |
1.98% |
2.00% |
| $25,000 - 49,999 |
2.71% |
2.75% |
| $50,000 + |
3.68% |
3.75% |
| Tiered Sweep Investment Account |
$1 - 49,999 |
2.23% |
2.25% |
| $50,000 - 99,999 |
2.71% |
2.75% |
| $100,000 - 249,999 |
3.20% |
3.25% |
| $250,000 + |
3.78% |
3.85% |
| IOLTA Checking |
$50 - 99,999 |
0.60% |
0.60% |
| $100,000 + |
3.10% |
3.15% |
Escrow Accounts
(Attorney, Realtor, Professional) |
$50 |
0.99% |
1.00% |
* The annual percentage yield (APY) on all accounts is based on daily compounding of interest.
Fees could reduce earnings on above accounts. Rates are subject to change without notice.
Deposit accounts are FDIC insured.
All minimum balances based on average balance for the period. Average balance is calculated by
adding the principal in the amount for each day of the period and dividing that figure by the
number of days in the period. |
