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Business Savings plans are designed to keep your surplus funds making
the most for you. We provide three types of investment accounts to
best suit your cash reserve needs.
If you don't need access to your funds right away and want the
highest return on your money, you may consider our 3, 6, or 12 month
CD (longer terms are available).
If you do need your funds more readily accessible, consider our
Business Money Market Account. These accounts earn a competitive
rate of interest that increases as your surplus grows. You can even
have the flexibility of writing up to 3 checks per statement cycle
on this plan and/or transferring funds as many as six times per
month automatically or by phone (in person withdrawals are unlimited).
If you have a smaller amount of surplus cash or need a cushion
for your Business Checking account, you might want to consider our
Business Savings Plan. This account usually earns a lower amount
of interest; however you are not restricted to a limited amount
of transfers and you can also link this account to your business
checking account for overdraft protection.
* Under Federal Regulation, transfers
from a Regular Savings account to another account or to third parties
by preauthorized, automatic or telephone transfer are limited to
six per month with no transfers by check, draft, debit card or similar
order to third parties.
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