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CHECKING THAT'S TRULY ON THE HOUSE!
Did you know that if you have a mortgage, home equity loan or HELOC with Eastern Michigan Bank you qualify for a free checking account that even pays you interest? Check out Checking on the House!

Business Deposit Accounts
Eastern Michigan Bank | July 4, 2008
Account Type Opening Balance Minimum Balance Requirements Monthly Service Charge Interest Bearing
Business Checking
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$100 NA $5.00 $.30 monthly credit per $100 balance
Business Checking
Designed for businesses of all types. No minimum balance is required and monthly service charges may be offset by balances maintained in the account.

Basic Features

  • Requires $100 to open
  • Pre-authorized debits
  • Telephone transfers - 6 per month - $5.00 fee per transfer
  • Customer receives a monthly credit against service charges at a rate of $.30 per $100 balance for the entire month!

Statements
Statements are issued on all business checking accounts at the end of every month.

Pricing

  • Maintenance Charge per month: $5.00
  • Each check and debit paid: $.12
  • Each deposit/credit to account: $.10
  • Earned credit per $100 of average balance maintained: $.30
Prestige Money Market Savings
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$2,500 $2,500 min or $5,000 monthly avg balance $10 if balance requirements not met Yes - Variable
Prestige Money Market Savings

This is an account which allows depositors to earn money market interest rates while enjoying immediate access to their funds with unlimited in-bank withdrawals.

Account Features

  • Available to both individuals and businesses
  • Requires $2,500 to open
  • Unlimited withdrawals or transfers to other bank accounts in person or by mail.
  • Monthly account statements
  • Limited check writing privileges
  • Pre-authorized transfers
  • Telephone transfers-limit 6 per month-$5.00 fee per transfer

Account Restrictions
Only six pre-authorized or automatic transfers per month. (Of the six transfers, three can be made by check.)

Pricing
A $2,500 minimum or $5,000 average balance avoids the $10.00 per month maintenance fee and reduction of interest rate. Up to six transfers are permitted each month at no charge. If the depositor writes more than 3 checks per statement cycle, a $5.00 fee is assessed for each additional check.

Interest

  • Variable interest rate may change weekly
  • Interest rate varies by balance
  • Interest is paid monthly
SEP IRA
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NA NA NA NA
SEP IRA – Simplified Employee Pension Plan
A SEP plan is a retirement plan established by an employer to provide retirement benefits for employees.

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Click here to Inquire about any of these accounts.
Click here to view our Deposit Account Rates.

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