Better
Business Banking : Savings
At
the First
National Bank of Brookfield
we have created a series
of savings accounts to help your business and money grow. The
majority of accounts are primarily designed to complement one of our
outstanding business checking accounts.
Business
Money Market Account -
Ideal
for businesses concerned with liquidity (limited check writing), but
desiring an interest bearing account.
Hometown
Choice Investment Account -
The
convenience of a savings account with rates rivaling those of other banks'
Certificates of Deposit.
Business
Statement Savings -
Perfect
for any business that wants to earn interest with minimal
restrictions. ATM accessible.
Business
Super Statement Savings
-
A
super version of the statement savings account that allows your business
to earn higher interest rates.
Certificates
of Deposits -
If
your business is willing and able to set aside savings for 3 months or
greater, our Certificates of Deposit pay some of the highest interest
rates around.
|
|
Money
Market
|
Hometown
Choice |
Statement
Savings
|
Super
Statement Savings
|
Certificate
of Deposit |
|
Minimum
Balance to Open & Avoid
Monthly Maintenance Charge |
$10,000 |
$25,000 |
$1,000 |
$10,000 |
$1,000 |
|
Charge if Applicable |
$15 |
$40 |
$10 |
$10 |
---- (1) |
|
Maximum Monthly Transfers |
3 checks & 3 transfers |
3 to another FNBB acct. |
6 debits (ATM
included) |
6
to another FNBB acct. |
n/a |
|
Excess Transfer Charge |
$10 |
$15 |
$1.50 |
$10 |
n/a |
| Tiered
Interest Rates (2) |
Yes |
Yes |
No |
Yes |
Yes |
(1) Substantial
penalty for withdrawal prior to CD maturity.
(2)
Tiered interest begins to accrue on non cash items the business day the
bank receives the deposit and interest
is paid and compounded monthly. No
interest is paid on accounts closed between cycle dates.
Interest rates and annual percentage yields (APY) are set weekly by
the First National Bank of Brookfield.
