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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 charge of $5.00 will be collected each statement cycle (monthly) if the balance falls below $100.00 any day of the cycle.
  • A withdrawal fee 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 maintenance fee 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 maintenance 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 Money Market Demand account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per statement cycle with no more than three by check or similar order to a third party.


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