Eastern Michigan Bank | July 4, 2008
|
$100 |
NA |
$5.00 |
$.30 monthly credit per $100 balance |
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 |
|
|
$2,500 |
$2,500 min or $5,000 monthly avg balance |
$10 if balance requirements not met |
Yes - Variable |
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
|
|
NA |
NA |
NA |
NA |
A SEP plan is a retirement plan established by an employer to provide retirement benefits for employees. |
|