Our commercial statement savings account pays you interest based on the balance in your account. The higher the balance, the better the rate. Access your money anytime and enjoy all the benefits a savings account has to offer. Keep targeted balances by having funds swept to and from your savings account. Safe and convenient, a business savings account just makes sense.
All initial accounts must be opened in person by the primary account holder. Proper identification is required to open any account. We use the daily balance method to calculate the interest. This method applies a daily periodic rate to the principle in the account each day. Interest begins to accrue on the business day you deposit and will be paid to the date of withdrawal. Interest is compounded daily and credited monthly. Current rates will be posted in our lobby or can be obtained by calling 217-347-7173. Your interest rate and APY may change at our discretion.
$100.00 minimum balance to open an account. A service charge of $5.00 will be imposed every month if the average daily balance of the statement cycle falls below $5,000.00. Account closing fee (within 90 days of opening) – $25.00. You may only make six third party preauthorized transfers on your account each statement cycle.