BUSINESS CHECKING

Small Business Checking With Interest

For businesses with limited transaction activity.

Eligible Businesses: Sole Proprietorships, Non-Profit and Government

 

  • $2,500 minimum deposit to open account
  • Earn Interest* on daily collected balance at current rate

  • $12.50 monthly balance requirement fee
  • $2,500 minimum daily balance to avoid monthly balance requirement fee
  • 200 Free transactions (items) per statement cycle
  • $.25 per item after 200 transactions (items) per statement cycle
  • Free MasterMoney Card
  • FDIC Insured
  • Free online Banking with Bill Pay Checking

Small Business Checking

For businesses with limited transaction activity.

  • $100 minimum deposit to open account

  • 200 free transactions (items) per statement cycle

  • $0.25 per item after 200 transactions (items) per statement cycle

  • FREE MasterCard Debit Card (upon approval)

  • Monthly imaged statement with checks

  • Free online Banking with Bill Pay

Business Analysis Checking

This account is designed especially for larger businesses with high transaction volume.

  • $100 minimum deposit to open account
  • $7.00 monthly maintenance fee
  • Receive an account earnings credit to offset monthly fees and expenses
  • Negative Collected Balance 5% Above Federal Discount Rate
  • Monthly Imaged Statement 
  • FDIC Insured
  • Account Earnings Credit based on 91-Day T-Bill Average
  • Free online Banking with Bill Pay Checking

For other related services, see a Central Bank Customer Service Representative.

Active Assets Accounts

Build cash reserves…easy access allows you to transfer money when needed.

  • Monthly Imaged Statement 
  • $1,500 minimum deposit to open account
  • Earn Interest* on daily collected balance at current rate

  • $9.00 monthly balance requirement fee
  • $1,500 minimum daily balance to avoid monthly balance requirement fee
  • Unlimited deposits
  • 6 withdrawals per statement cycle
  • $1.00 per debit in excess of 6 per statement cycle
  • Monthly Imaged Statement 
  • FDIC Insured
  • Free online Banking with Bill Pay Checking

Central Money Market

Higher earnings for higher balances with complete liquidity!

  • $10,000 minimum deposit to open account
  • $10.00 monthly balance requirement fee
  • $10,000 minimum daily balance to avoid monthly balance requirement fee
  • Earn Interest* on daily collected balance at current rate

  • 6 withdrawals per statement cycle
  • $10.00 per debit in excess of 6 per statement cycle
  • Monthly Imaged Statement
  • FDIC Insured
  • Free online Banking with Bill Pay Checking

* Interest Bearing Accounts

  1. Your interest rate and annual percentage yield are subject to change. Interest is compounded and credited monthly on checking accounts. Interest is computed on the daily balance method which applies a daily periodic rate to the principal in the account each day.
  2. If the account balance falls below the minimum daily balance requirement to avoid service charge anytime during the statement cycle on Small Business Checking with Interest, Active Assets, or Central Money Market accounts, the interest rate and annual percentage yield will be reduced.
  3. Central Bank’s interest computation is the daily balance method. This method applies a periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (checks).
  4. We may require not less than 7 days notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D.

♦ See Customer Service Rep for current effective rates.

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