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Business Interest Earning Accounts
Account Type /
Business |
Minimum Opening
Deposit |
Interest Rate
|
Annual % Yield |
Summit Business Interest Checking*
Minimum daily balance of:
Under $2,500
$2,500 and over |
$500.00 |
.25%
.50% |
.25%
.50% |
Summit Business Savings* |
$500.00 |
.50% |
.50% |
Summit Business Money Market*
Minimum daily balance of:
$1.00 to $9,999
$10,000 to $24,999
$25,000 to $49,999
$50,000 to $99,999
$100,000 and over |
$1,000.00 |
.25%
.50%
.75%
1.00%
1.00%
|
.25%
.50%
.75%
1.00%
1.00%
|
* Fees may reduce earnings on this account.
* Annual Percentage Yields quoted effective 01-06-09 and are subject to change without notice.
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