Valley Business Bank

Business Savings Accounts

Business Statement Savings Account
It is a prudent business practice to put aside funds for scheduled loan and tax payments and other planned business expenditures. An even better practice is to hold these funds in our Business Statement Savings Account. You will earn a competitive interest rate on your account balance and can easily transfer funds between your checking and savings accounts.

Business Money Market Savings Account
If you are ready to move up to the next level of savings, our Business Money Market Savings Account earns interest at money market rates while providing you with the ability to write checks on your account.

Time Certificate of Deposit
Earn higher rates of interest with a Time Certificate of Deposit (TCD). You can lock in a competitive interest rate for either a short-term or a multi-year length of time. Please click on “Deposit Rates” on the side menu to view our currently offered interest rates and maturities.

Details of our various Business Savings Accounts are as follows:

BUSINESS STATEMENT SAVINGS ACCOUNT
Who should use this account	Any business customer putting aside funds for short-term business needs
Account features	Interest is compounded daily and paid monthly Up to 3 withdrawals per month with no service charge 24 Hour ATM 24 Hour Internet Banking 24 Hour Telephone Banking Automatic transfers Notary service
Average daily balance required to avoid monthly services charge	$1,000
Monthly service charge	$5
Other transaction fees	$2.00 per withdrawal after 3rd withdrawal during month
Activity based service charges	See link below
Initial deposit required to open account	$500

BUSINESS MONEY MARKET SAVINGS ACCOUNT
Who should use this account	Any business customer desiring a higher rate of interest on their longer term savings
Account features	Interest is compounded daily and paid monthly Unlimited in-person, mail or ATM deposits or withdrawals Up to 6 withdrawals per statement cycle, 3 of which may be by check or debit card 24 Hour ATM 24 Hour Internet Banking 24 Hour Telephone Banking Automatic transfers Notary service
Average daily balance required to avoid monthly services charge	$5,000
Monthly service charge	$12
Activity based service charges	See link below
Initial deposit to open account	$2,500

TIME CERTIFICATE OF DEPOSIT
Who should use this account	Business customers desiring higher rates of interest who do not plan to access these funds prior to maturity
Account features	Interest is compounded daily and paid monthly 24 Hour Internet Banking
Currently offered interest rates and maturities	Click on “Deposit Rates” on side menu to view this information
Initial deposit to open account	$1,000

Activity Based Service Charges (pdf)