Business Savings
Safe way to earn interest on excess cash with easy access to funds.
Account Features:
| Available To... |
|
All Business Entities |
|
| Monthly Transactions (includes debits, credits and items deposited) |
|
N/A |
|
| Minimum Opening Deposit |
|
$100.00 |
|
| Balance to Avoid Monthly Maintenance Fee |
|
$300.00 |
|
| Monthly Maintenance Fee |
|
$5.00 |
|
| Excess Withdrawal/Transaction Fee |
|
$3.00 per withdrawal over limit of 2 per month |
|
| Online Banking |
|
Yes
|
|
| Competitive Tiered Interest Rates on Higher Balances |
|
Yes |
|
| FDIC Insured up to $100,000 |
|
Yes |
|
| Limited Check Writing |
|
|
Federal regulation limits third-party transactions or pre-authorized transfers (including overdraft transfers) or transfers made by personal computer or telephone to six per month, no more than three of which may be by check, draft or debit card. Fees may apply for exceeding transaction limits.
For more information, contact Mercantile Bank.
|
|
