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Business _savings _comparison

Savings Comparison

Account Type Minimum Balance Opening Deposit Interest Bearing
Regular Savings $300 Unspec. Yes, => $200
Benefits
  • Withdraw anytime
  • 6 preauthorized transactions allowed
Fees
  • Transaction Fee of $1.00 on withdrawals > 5/month if daily balance < $300 and # of withdrawals is > 5 per month.
  • Maintenance Fee of $3.00 if daily balance is < $300.
Power Savings $2,500 $2,500 Yes, => $2,500
Benefits
  • Withdraw anytime
  • 6 preauthorized transactions allowed
  • Pays higher interest
Fees
  • Maintenance Fee of $7.00 if daily balance is < $2,500.
Insurance Products Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value
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 What do you need to know about EMV chip debit cards?  Beginning in November 2016, all magnetic stripe debit cards will be replaced with a new chip card over a 12 month period based on their month of expiration.  Watch for yours to come in the mail.  Once your chip card is activated, you will want to destroy your old magnetic stripe card as it will no longer work. Also remember to update any recurring payments you have set-up with your new chip card expiration date.