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Business _savings _comparison

Savings Comparison

Account Type Minimum Balance Opening Deposit Interest Bearing
Regular Savings $250 Unspec. Yes, => $100 daily balance
Benefits
  • Withdraw anytime
  • 6 preauthorized transactions allowed
Fees
  • Transaction Fee of $0.50 on withdrawals > 5/month if daily balance < $250 and # of withdrawals is > 5 per month.
  • Maintenance Fee of $2.00 if daily balance is < $250.
Power Savings $2,500 $2,500 Yes, $0.01 - $2,499 @ regular savings rate; => $2,500 @ Power Savings rate
Benefits
  • Withdraw anytime
  • 6 preauthorized transactions allowed
  • Pays higher interest
Fees
  • Maintenance Fee of $8.00 if daily balance is < $2,500.
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