Savings & CDsMake your money do more. Next
|Business Savings and CD Product Names||Savings||Installment Account 1||Money Market||Time Certification of Deposit Account||Flex Certification of Deposit Account|
|Ideal for||Business that wants traditional savings account that earns interest||Business that wants to make fixed monthly contributions for future use||Business that wants convenient savings account with limited checking account features||Business that wants to earn a higher rate of returns with a fixed rate||Business that wants 12 month term CD with flexible benefits|
|Minimum Opening Deposit||$100||First monthly installment amount||$500||$1,000||$10,000|
|Monthly Service Charge||$9 (2)||NA||$9 (1)||NA||NA|
Min Balance Requirement
(Min Daily / Avg Monthly)
|$500 / NA||Must make one deposit into your account each month (3)||$2,500 / NA||No additional deposits allowed before maturity||$10,000|
|Additional Fee||$0.50 per debit item in excess of 3 per month (4)||Early withdrawal penalty may be imposed for withdrawals before term/maturity||$20 per debit item in excess of 6 per month (4)||Early withdrawal penalty may be imposed for withdrawals before term/maturity||Unlimited deposits in minimum increments of $1,000 up to $240,000, and 3 penalty-free withdrawals before maturity without penalty (3)|
(1) Charges will be assessed if minimum balance requirement is not met during a statement cycle.
(2) Charges will be assessed if minimum balance requirement is not met during a monthly cycle.
(3) Early withdrawal penalty may be imposed for withdrawals before term/maturity.
(4) Limited to 6 transactions per month. This includes checks, debit card transactions, transfers to another account, preauthorized 3rd party debits, and automatic/telephone/online transfer.
For complete account details, please refer to Commonwealth Business Bank's "Account Agreement and Disclosures" and "Truth in Savings Disclosure" or contact your local branch.