Business Savings Account Details/Fees

Question 1

What are the three Biz Savings account tiers available?

Answer 1

1) Biz Statement Savings
2) Biz Tiered Savings
3) Biz Money Market

Question 2

What are the minimum opening deposits required for each tier of Biz Savings?

Answer 2

Statement Savings and Tiered Savings: $100

Biz Money Market: $1,000

Question 3

What is the minimum balance to earn interest for each Biz Savings account?

Answer 3

Biz Statement Savings: $100; NONE for Tiered Savings and Money Market

Question 4

What is the minimum balance to avoid monthly service fees for each Biz Savings account?

Answer 4

Biz Statement Savings: $300 minimum daily balance
Biz Tiered Savings: $500 monthly average balance
Biz Money Market: $1,000 minimum daily balance OR $2,500 monthly average balance

Question 5

What is the monthly service fee for each Biz Savings account?

Answer 5

Biz Statement: $4.50
Biz Tiered: $5
Biz Money Market: $10

Question 6

What is the minimum opening deposit for Biz CDs and Biz Jumbo CD’s?

Answer 6

Biz CD: $1,000

Biz Jumbo CD: $100,000

Question 7

What are the main features of Biz CD’s/Jumbo CD’s?

Answer 7

• Higher returns than typical savings accounts
• Guaranteed interest rates with terms from seven (7) days to 10 years
• No fees when funds remain in account for the CD term