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This account was set up for people and businesses that hae large balances but cannot tie up the funds for long periods of time because of liquidity needs. Rather than let those funds sit in a checking account and not earn interest we suggest this account.
$10,000 deposit required to open
Interest paid monthly
Tiered interest rate…the higher the balance the higher the interest rate\
0-$9999
$10,000 – $24,999
$25,000 – $49,999
$50,000 – $99,999
$100,000 – $249,999
$250,000 & over
Six free withdrawals per month - $5.00 per item in excess of six transactions
$10 service charge per month if balance falls below $2,500