Business Savings 

• $100 minimum deposit to open 

• $1 monthly service charge if balance falls below $10 

• 6 withdrawals per month, $1 service charge for each withdrawal over 6 

• Interest is paid in May & November 

 

Business MMDA 

• $5000 minimum deposit to open 

• Interest bearing with $500 minimum balance 

• Interest is tiered and subject to change weekly 

• $5 monthly service charge if balance falls below $5000 

• $300 minimum withdrawal amount per transaction 

• Maximum 6 withdrawals per month, 3 may be by check 

 

Certificate of Deposit 

A certificate of deposit (CD) is a time deposit,  similar to savings account.  A CD has a specific, fixed term (often three months, six months, or one to five years), and, usually, a fixed interest rate.  It is intended that the CD be held until maturity, at which time the money may be withdrawn together with the accrued interest.