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Business Banking:
Interest Rates
Interest
Rates On Business Accounts
Interest Rates and Annual Percentage Yield (APY) Effective as of July 1, 2008
| Business
Checking With Interest (Sole Proprietors) |
| Balance |
Interest
Rate |
(APY) |
| $0 to $999 |
0.25 |
0.25 |
| $1,000 to $9,000 |
0.25 |
0.25 |
| $10,000 to $24,999 |
0.50 |
0.50 |
| $25,000 to $49,000 |
0.50 |
0.50 |
| $50,000 to $99,999 |
1.00 |
1.00 |
| $100,000 & Over |
1.49 |
1.50 |
Interest rates subject
to change any time at management's discretion.
| Business
Statement Savings |
| Balance |
Interest
Rate |
(APY) |
| $0 to $999 |
0.25 |
0.25 |
| $1,000 to $9,000 |
0.25 |
0.25 |
| $10,000 to $24,999 |
0.50 |
0.50 |
| $25,000 to $49,000 |
0.50 |
0.50 |
| $50,000 to $99,999 |
1.00 |
1.00 |
| $100,000 & Over |
1.49 |
1.50 |
Interest rates subject
to change any time at management's discretion.
| Business
Money Market |
| Balance |
Interest
Rate |
(APY) |
| $0 to $9,999 |
1.00 |
1.00 |
| $10,000 to $24,999 |
1.00 |
1.00 |
| $25,000 to $74,999 |
1.49 |
1.50 |
| $75,000 & Over |
1.98 |
2.00 |
Interest rates subject
to change any time at management's discretion.
|
Certificates of Deposit* |
| Term |
Interest
Rate |
(APY) |
| 7-31 Day CD |
1.00 |
1.00 |
| 3 Month CD |
1.49 |
1.50 |
| 6 Month CD |
1.74 |
1.75 |
| 12 Month CD |
3.26 |
3.30 |
| 18 Month CD |
3.46 |
3.51 |
| 24 Month CD |
3.60 |
3.65 |
| 30 Month CD |
3.80 |
3.85 |
| 36 Month CD |
4.09 |
4.15 |
| 48 Month CD |
4.23 |
4.30 |
| 60 Month CD |
4.28 |
4.35 |
*The minimum balance to
open a CD and obtain the APY is $500.
A penalty may be imposed for early withdrawal.
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