This account is perfect for businesses with smaller balances who want to start building cash reserves now.
A Banking Savings account allows six free debits per month, and $1 transaction fee for each additional withdrawal. It also includes six pre-authorized automatic, telephone, or e-transfers per month.
The minimum opening deposit is $200, with a $1 minimum balance to earn an Annual Percentage Yield (APY).
Account is free if a balance over $200 is maintained. If the balance falls below $200 at any time a $3/month maintenance fee is charged. Fees could reduce earnings.