Non-Profit Organizations:
|
Minimum balance requirement |
None |
|
Monthly maintenance fee |
None |
|
Unlimited check writing |
|
Commercial Checking:
|
Minimum balance requirement |
$2,000 |
|
Monthly maintenance fee if balance drops below $2,000 |
$15 |
Commercial Money Market:
|
Minimum balance requirement |
$2,500 |
|
Monthly maintenance fee if balance drops below $2,500 or number of allowed debits |
$15 |
|
Earns market interest rate |
|
|
If maintenance fee is imposed, interest rate set by bank. |
|
|
Interest compounded daily |
|
Commercial NOW Account:
|
Minimum balance requirement |
$2,500 |
|
Monthly maintenance fee if balance drops below $2,500. |
$15 |
|
Earns market interest rate, compounded daily. |
|
|
Eligibility included: Governmental agencies and units, non-profit organizations that serve an educational, philanthropic, religious or charitable purposes; businesses that are sole proprietorship |
|
