Valley Business Bank

Consumer Savings Accounts

Statement Savings Account
A Valley Business Bank Statement Savings Account provides you with a traditional way to save. Your account will earn a competitive rate of interest. Statements are provided quarterly (monthly if the account is used for electronic transfers).

Personal Money Market Savings Account
If you are ready to move up to the next level of savings, Valley Business Bank’s Personal Money Market Savings account is the right choice for you. You will earn interest at money market rates while having the capability 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 Consumer Savings Accounts are as follows:

STATEMENT SAVINGS ACCOUNT
Who should use this account	Consumers that desire a traditional savings account
Account features	Unlimited Deposits Interest is compounded daily and paid monthly Up to 3 withdrawals per month with no charge 24 Hour ATM 24 Hour Internet Banking 24 Hour Telephone Banking Automatic transfers Notary Service
Minimum daily balance to avoid monthly services charge	$500
Monthly service charge	$5
Other Transaction Fees	$1.50 per withdrawal after 3rd withdrawal during month
Initial deposit to open account	$200

PERSONAL MONEY MARKET SAVINGS ACCOUNT
Who should use this account	Consumers with higher savings balances that desire money market-based interest rates and expanded access to their funds
Account features	Interest is compounded daily and paid monthly Unlimited in-person, mail or ATM transactions Up to 6 pre-authorized 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 to avoid monthly services charge	$3,500
Monthly service charge	$10
Initial deposit to open account	$500

TIME CERTIFICATE OF DEPOSIT
Who should use this account	Consumers 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
Monthly service charge	None
Initial deposit to open account	$1,000

Activity Based Service Charges (pdf)