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Business Deposit Accounts

Interest Rates and Annual Percentage Yields

Rates are effective as of October 23, 2007. Rates can change daily, please contact customer service (Bank) for current rates. Fees can reduce earnings.

Products and minimum balances to open and to avoid service charge

Tier

Interest Rate

Annual Percentage Yield

Merchants Savings

Tier 1

$0 to $10,000

0.50%

0.50%

Minimum balance to open - $1,000

Tier 2

Over $10,000

0.75%

0.75%

Minimum quarterly balance of $1,000 avoids fee of $1

        
 

High-Yield Merchant Money

Tier 1

$0 to $9,999.99

0.95%

0.95%

Market Account

Tier 2

$10,000 to $49,999.99

1.00%

1.00%

Minimum balance to open - $1,000

Tier 3

$50,000 to $99,999.99

1.10%

1.11%

Minimum daily balance of $1,000 avoids fee of $5

Tier 4

$100,000 to $249,999.99

1.50%

1.51%

Tier 5

$250,000 or over

1.75%

1.76%
 

Earnings Credit

Variable based on 91-day average treasury bill rate

Used to offset activity based charges on Business Checking accounts ONLY