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Business Savings

Commercial Savings Account

This is an interest bearing account with a minimum amount to open of $500 to avoid a service fee. If the account falls below this amount, a fee of $2.00 will be charged each statement cycle. The interest rate and annual percentage yield on this account is determined by the bank and is subject to change weekly.

Limitations: During any statement cycle you may not make more than 6 withdrawals (debits) or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.

Features

  • Interest is compounded daily, posted semi-annually
  • Quarterly statements. When you have a checking account, a monthly statement is available
  • Automatic transfers of specified amounts at regular intervals from checking to savings accounts are available

Commercial Money Market

This is an interest bearing account with a minimum balance requirement of $2,500. If the account falls below the minimum anytime during the month, a service fee of $5.00 will be imposed and no interest will be accrued. The interest rate and annual percentage yield on this account is determined by the bank and is subject to change weekly.

Limitations: During any statement cycle you may not make more than 6 withdrawals (debits) or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.

 

Commercial Money Market Plus

This savings account requires a minimum balance of $10,000 and pays a higher interest rate than the Regular Money Market. This account is designed for our customers who don't want to lock up their funds in a CD but want to earn a competitive rate. The interest rate and annual percentage yield on this account is determined by the bank and is subject to change weekly. The account's interest rate will never go below the rate being paid on the Regular Money Market Account.

If the account falls below the minimum balance requirement of $10,000 any day of the statement cycle, the interest rate and APY will be the same as our regular money market account rate on that day along with a $5.00 service charge.

The minimum amount you can withdraw is $500.00

Limitations: During any statement cycle you may not make more than 6 withdrawals (debits) or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.

Features

  • Interest is credited to the account monthly
Springfield
3341 Old Jacksonville Road
217-698-9728
Springfield
1748 Wabash Avenue
217-698-9728
Sherman
480 S Crossing Drive
217-698-9728
Williamsville
512 W Main Street
217-698-9728
Member FDICEqual Housing Lender