In today's business environment, it is essential to maximize the productivity of every aspect of your business, especially the cash in your business accounts. At Minster Bank, we have saving solutions that will help you to achieve this objective.
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Business
|
Business Investment Savings |
Business Money Market Advantage | |
| Ideal if you're looking for... |
A basic savings account |
A savings account with check writing privileges |
A savings account that offers premium interest rate and check writing privileges |
| How is interest determined? |
Variable Rate Compounded Daily Paid Monthly |
Variable Rate Based on tiers: $25,000 or more $10,000-$24,999 $5,000-$9,999 0-$4,999 Compounded Daily Paid Monthly |
Variable Rate Based on tiers: $500,000 or more $250,000-$499,999 $100,000-$249,999 $25,000-$99,999 0-$24,999 Compounded Daily Paid Monthly |
| What is the minimum balance to avoid fees? |
$200 |
$1,000 |
$10,000 |
|
Will I be charged a monthly maintenance fee if I fall below the minimum? |
Yes. $4 fee |
Yes. $8 fee |
Yes. $25 fee |
| Any other charges? |
$2 per withdrawal if more than 6 per month $2 per deposit if more than 6 per month |
$2 per withdrawal if more than 6 per month $2 per deposit if more than 6 per month |
$2 per withdrawal if more than 6 per month $2 per deposit if more than 6 per month |
|
What is the minimum to open the account? |
$25 |
$500 |
$10,000 |
| Are there any transaction limits? |
Yes. Limit of 6 preauthorized withdrawal & transfers per month.
Unlimited transactions at ATM or Minster Bank office |
Yes. Limit of 6 preauthorized withdrawal & transfers per month.
Unlimited transactions at ATM or Minster Bank office |
Yes. Limit of 6 preauthorized withdrawal & transfers per month.
Unlimited transactions at ATM or Minster Bank office |
To open your Minster Bank Savings account, stop by any branch location or call 866-MINSTER. We will help you choose the account that is right for your business.
