This is a savings account that pays interest and provides businesses with easy access to their funds.
- $50 minimum opening deposit
- No monthly maintenance fee with $250 average daily balance; $2 monthly maintenance fee if average balance falls below $250
- Tiered interest earned on entire account balance
- Interest tiered to pay higher rates on higher balances
- Interest compounded monthly
Under Federal Regulation, transfers from a Regular Savings account to another account or to third parties by preauthorized, automatic or telephone transfers are limited to six per statement cycle.