Let your checking boost your bottom line — Commercial NOW Checking earns competitive, tiered interest that pays higher rates for higher balances. Easily avoid the monthly service charge with a minimum daily balance of $1,000 or more.

Details
  • Best for sole proprietors, non-profits, and government agencies
  • Earn variable, tiered interest — higher balances earn higher rates
  • No monthly service charge with a minimum daily balance of $1,000 or more
  • $15 monthly service charge if minimum daily balance drops below $1,000
  • Online banking and cash management available
  • Free e-Statements
  • Free Visa® debit card
  • $500 minimum deposit to open

Interest Rate Information, Frequency of Interest Rate Change and Determination of Interest Rate – Your interest rate and annual percentage yield may change at any time at our sole discretion.

Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.

Minimum balance to open the account – $500.00 minimum balance to open this account.

Minimum balance to avoid imposition of fees – A service charge fee of $15.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.

Daily balance computation method – We use the daily balance method to calculate the interest on your account. This method applies a daily periodic interest rate to the principal in the account each day.

Accrual of interest on non-cash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).