Business Savings

  MainStreet Business Savings MainStreet Business Money Market
Opening Deposit $100 $2,500
Avg. Balance to Waive Maint. Fees $100 $2,500
Maintenance Fees $5 per month if average falls below $100 $2500 average daily balance to avoid the $15 monthly maintenance fee
Interest Yes Tiered
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MainStreet Business Savings

Earn interest on your business funds and have access to your money when you need it.

  • Maintain a $100 minimum average daily balance and you will avoid the $5.00 monthly maintenance fee.
  • No per item fees for 30 or less deposited items.  If you exceed 30 items, there is a $.50 per item charge.

MainStreet Business Money Market

  • You earn a tiered interest rate:
  • $0 - $24,999
  • $25,000 - $49,999
  • $50,000 - $99,000
  • $100,000 or more
  • Maintain a $2,500 minimum average daily balance and avoid the $15 monthly maintenance fee
  • Variable interest rate-rate may change at any time at the bank’s discretion
  • Your interest is calculated based on your daily collected balance and compounded and credited monthly
  • You may make six transfers* per monthly statement cycle from your account
  • $10 per transfer in excess of the above transaction limitations
  • $.50 per deposited item exceeding 30 per statement cycle

*Transfers from our MainStreet Business Money Market account to another account or to third parties may be by preauthorized, automatic, telephone, check or computer.  Please refer to our separate fee schedule for additional information about other charges that may apply.

 

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorist and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means to you: When you open an account, we will ask you your name, address, date of birth and other information that will allow us to identify you.  We may also ask to see your driver’s license or other identifying documents.