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Business Savings Accounts

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Savings Accounts for Local Business Owners

Statement Savings        

  • You must deposit $100 to open this account.
  • Interest is compounded quarterly and credited on the last day of each calendar quarter.  If you close your account before interest is credited, you will not receive the accrued interest.
  • Your interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on your account monthly.
  • Monthly minimum balance fee of $5.00 will be charged if the daily balance drops below $100 any day of the month (under age 21 excluded).
  • A $1.00 charge per withdrawal begins with the seventh withdrawal during any calendar month. 
  • Any account overdrawn by an electronic transfer will receive a $45.00 service charge.

SBH Business Money Market Account

  • You must deposit $5,000 to open this account.
  • Interest is compounded monthly and credited on the last day of each month.  If you close your account before interest is credited, you will not receive the accrued interest.
  • Your interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on your account monthly.
  • Monthly minimum balance fee of $5.00 will be charged if the daily balance drops below $5,000 any day of the month.
  • You may make six transfers from your account per month.
  • Unlimited withdrawals are allowed if made in person or by mail.
  • Withdrawals must be for at least $1,000. There is no limit or minimum on deposits.
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