Business Prime Account

A competitive rate of interest is earned on your average daily balance (minimum of $2,500 required) as follows:

• TIER 1- Balances less than $14,999.99 will be paid the NOW account rate
• TIER 2- Balances between $15,000.00 and greater will be paid 50% of New York prime
  
  Prime Interest is compounded monthly and will be paid on the account every month. 

Transactions and Fees:

• Six pre-authorized or automatic transfers per statement cycle, 3 of which may be third party checks
• Unlimited transactions in person and by mail withdrawals and transfers
• $10.00 per item charge for additional transfers and checks.

Balance and Deposit Requirements:

• A $10.00 service charge if your average daily balance falls below $1000.00.
• A minimum initial deposit of $2500.00 to establish relationship.

Business SWEEP Account

Our sweep account works to make the most of your balance by automatically investing excess checking account balances in your Business Prime account. We help you determine a designated balance for your business checking account and daily we will Sweep balances between the accounts.