Business Checking With Interest (Sole Proprietors)
This interest bearing checking account is specifically designed for sole proprietors. Every month you have low monthly transaction activity and keep a balance over $1,000, you get completely free checking.
Earn interest on your assets even when they're just sitting in the bank while still having access to your funds. That's good business!
- Summary
- Tiered interest rates for maximum benefits
- Interest paid on collected balance and credited monthly*
- 40 free debits/checks paid per month
- 8 free credits/deposits per month
- 40 free items deposited per month
- $8 monthly fee waived on collected balances over $1,000
- No monthly earnings credit
- $500 initial opening deposit
- Various statement options available
- Business debit and credit cards available
- Free Online Banking with Bill Pay
- Unlimited Telephone Banking
- FDIC insured
*$1,000 daily collected balance must be maintained to receive interest.
- Additional Charges
If your account falls below the balance requirement or exceeds the free specified services, the corresponding service fees will be charged.
- Each debit over 40 per month: $0.25
- Each credit/deposit over 8 per month: $0.30
- Each item deposited over 40 per month: $0.15
For interest bearing accounts: We reserve the right, at any time, to 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. Current interest rates are available in the bank lobby and are subject to change without notice. They are solely determined by the bank.
