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Business Prime Interest Checking

Summary

Business Prime Interest Checking is designed for sole proprietorships and qualified 501(c)(3) non-profits that maintain a high account balance. The interest rates are tiered to reward higher balances with higher rates

  • Free online banking and unlimited bill pay
  • Free image or eVue statement
  • Up to 250 free items per month*
  • Free MasterMoney Debit Card**
  • $50 credit toward first re-order of checks through Harland Clarke***

* First 250 items free, $.25 charge per item in excess.

** Subject to approval.

*** Cost for check printing varies depending on the style of checks ordered.

Requirements

Minimum balance to open $100.

A maintenance fee of $10 will be imposed every statement period if the balance in the account falls below $1,000 any day of the statement period. Other fees can apply. Refer to the Other Account Fees Schedule.

You must maintain a minimum balance of $500 in the account each day to obtain the disclosed annual percentage yield.

We reserve the right to at any time require not less than seven days notice in writing before any withdrawal from an interest bearing account. The interest rate and annual percentage yield for your account depend on the applicable rate tier. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time. If you close your account before interest is credited, you will receive the accrued interest.

Interest will be compounded daily and credited to your account monthly. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items.

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