Business Savings

 

/// SAVINGS



Business Savings

  • Open with $100
  • Avoid $10 monthly maintenance fee by maintaining a $100 minimum balance
  • Process up to six transactions per statement cycle at no charge; $2 fee per teller-assisted transaction over the limit of six

IOLTA

  • Open with $100
  • Avoid $5 monthly maintenance fee by maintaining a minimum $10,000 daily balance
  • Interest bearing trust account for attorneys; all interest is paid directly to the North Carolina Bar Association and is used for legal assistance programs statewide

Business Money Market

  • Open with $100
  • Avoid $10 monthly maintenance fee by maintaining a $1,000 minimum balance
  • Tiered interest rates paid on all daily current balances
  • Process up to six transactions per statement cycle at no charge, three of which can be by check or debit card; $5 fee per transaction over the limit of six

Certificates of Deposit

  • Open with $500
  • Competitive interest rates with varying terms
  • Automatically renewable with 10-day grace period
  • Subject for penalty for early withdrawal

Individual Retirement Accounts

  • Open with $100
  • No annual or start-up fees
  • Regular, Roth and Coverdell (Education) IRAs
  • CD IRAs are automatically renewable
  • Monthly automatic transfer option available
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