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Commercial Checking and Savings



Checking

Commercial Checking
Minimum to open: $200.00
 Monthly Fee
Monthly Account Maintenance $10.00
Per Item Deposited $0.10
Per Debit $0.15
Per Credit $0.40
Commercial Service Charge is based on:
Average Collected Balance
Earnings Credit (based on T bill rate)
Account Activity
Commercial NOW
Minimum to open: $1,500.00 
 Monthly Fee
Monthly Account Maintenance $10.00
Per Item Deposited $0.10
Per Debit $0.15
Per Credit $0.40

Savings

Commercial Savings
Minimum to open: $200.00 
Minimum BalanceMonthly Fee
$200 & Over No Charge
$199.99 – Under
any day during quarter		 $6.00
$3.00 charge for each withdrawal in excess of 3 per quarter 
Variable Interest Rates
Commercial Money Market Savings
Minimum to open: $2,500.00 
Minimum BalanceMonthly Fee
$2,500 & Over No Charge
$1,999.99 – Under
any day in statement cycle		 $7.50
$20.00 Charge for each transaction in excess of 6 withdrawals per statement cycle 
Variable Interest Rates
 
Minimum BalanceMonthly Fee
   
   
   
 
 

Rates

Commercial Accounts
Rates Effective November 18, 2020 
Account TypeInterest RateAnnual Percentage Yield
Commercial Savings 0.10 0.10
Commercial Money Market Savings 0.15 0.15
     
     
     
     
     

Please Note: Per section 326 of the United States Patriot Act, financial institutions are required to obtain proper identification from customers, verify the identifying information and keep record of such information. Therefore in accordance with this regulation, we will require proper identification (which will include at least a current driver’s license and social security card) from any new customer including business customers seeking to establish a formal banking relationship with Chasewood Bank.