Deposit Accounts


Money Market

Make your money work for you!

  • Earn higher interest rates on larger balances.
  • The interest rate is tiered and may vary at the following levels: 
    Under $2,500 | $2,500-$9,999 | $10,000-$24,999 | $25,000 & Over
  • Six transactions allowed per statement cycle, which may be by check, draft, debit card or electronic transfer to third party. Unlimited withdrawals if made in person.
  • No maintenance charge if the average daily collected balance is at least $1,000.00. If the average daily collected balance falls below $1,000.00, there is a $6.00 maintenance fee per month.
  • Depositor insured by the F.D.I.C.
  • Available to partnerships, corporations and limited liability companies.

*Fees could reduce earnings on the account. The interest rate and annual percentage yield for all tiers may change at our discretion at any time.


Money Market Elite

Our highest yielding account!

  • Free first order of personalized Specialty Mint style wallet or duplicate checks
  • Variable interest compounded and credited every statement cycle
  • Interest rates paid based on account balances within interest rate tiers
  • Earn higher interest rates on larger balances. The interest rate is tiered and may vary at the following levels:
    $0-$9,999 | $10,000-$49,999 | $50,000-$99,999 | $100,000-$999,999 | $1,000,000-$1,999,999 | $2,000,000 & Over
  • Six transactions allowed per statement cycle, which may be by check, draft, debit card or electronic transfer to third party. Unlimited withdrawals if made in person.
  • Free check safekeeping
  • Bank by phone 24 hours a day using toll-free Telebanc
  • Online account access with Internet Banking
  • Average daily collected balance below $10,000.00 incurs $10.00 maintenance fee per month
  • Money Market Elite checking accounts are available to partnerships, corporations and limited liability companies

*Fees could reduce earnings on the account. The interest rate and annual percentage yield for all tiers may change at our discretion at any time.


Sweep Repurchase Agreements

A sweep account automatically transfers money between your checking account and an investment account. It automatically keeps the checking account balance at a target balance by transferring funds to or from the investment account as needed.

How Sweep Accounts Work:

  • At the end of the business day, excess collected funds are swept into an overnight investment.
  • Funds automatically transfer back to your checking account as needed based on your predetermined target balance.
  • The transfers are fully automated based on your cash flow needs.
  • You earn the maximum possible interest on your daily cash balances and avoid overdrafts.

*Fees could reduce earnings on the account. The interest rate and annual percentage yield for all tiers may change at our discretion at any time. Not F.D.I.C. insured


CDARS

Through the CDARS service, we can provide you with easy access to multi-million dollar FDIC protection on your CD investments.

  • One Bank - access multi-million dollar FDIC insurance coverage by working with just us - the bank you know and trust.
  • One Rate - negotiate one rate with our bank for each CD maturity and enjoy the option of reinvesting funds through a simple process.
  • One Statement - receive one easy-to-read statement from our bank summarizing all of your CD holdings.

CLICK HERE for more information on our CDARS program.