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Business Savings
  • NO minimum balance required to earn interest
  • Interest bearing on the daily collected balances at a variable rate, compounded and credited quarterly. The interest rate may change and is subject to change on a daily basis. Fees may affect earnings.
  • Initial opening deposit of $100.00
  • A service charge of $5.00 will be collected each statement cycle (monthly) if the balance falls below $100.00 any day of the cycle.
  • A service charge of $0.25 will be collected for each withdrawal in excess of four during a monthly cycle.

 

 

 
Business Money Market Advantage Account
  • FREE Internet Banking
  • FREE Sherburne Telebank access
  • Low cost for internet bill pay
  • Debit / ATM card available at no initial charge
  • Check safekeeping
  • $25,000.00 minimum daily balance requirement. A monthly service charge of $25.00 will be collected if the balance falls below $25,000.00 any day of the cycle.
  • Interest bearing on the daily collected balances at a variable rate, compounded and credited monthly. The interest rate may change and is subject to change on a daily basis. Fees may affect earnings.
 
Business Money Market Demand Account
  • Internet Cash Management
  • FREE Sherburne Telebank access
  • Low cost for internet bill pay
  • Debit / ATM card available at no initial charge
  • Check safekeeping
  • $1,000.00 minimum daily balance requirement - A monthly service charge of $10.00 will be collected if the balance falls below $1,000.00 any day of the cycle.
  • Interest bearing at a variable rate on the daily collected balances, compounded and credited monthly. The interest rate may change and is subject to change on a daily basis. Fees may affect earnings.

Note: Transfers from a Savings or Money Market account to another account or to third parties by preauthorized, check, telephone or internet are limited to six per statement cycle.


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