Securant Bank & Trust


Securatnt Bank

Commerical Deposits & Savings

Effective July, 2012 rev 4-13

Checking Accounts

Business Edge Checking

A simple, low-fee solution for businesses that write a few checks

  • No interest paid
  • Minimum to open: $100.00
  • Minimum daily balance: $750.00
  • Monthly Fee if minimum daily balance not maintained: $8.00
  • Fee per check or debit: 0-25, free. 26 + $0.50 each
  • Fee per deposit: 1-15 free. 16+ $0.85 each
  • Fee per deposited item: 0-50 free. 51+ $0.10 each

Regular Checking*

Standard business checking, with the opportunity to offset or eliminate fees

  • No interest paid
  • Monthly Fee: $14.00
  • Minimum to open: $100.00
  • Fee per check or debit: $0.23 each
  • Fee per deposit: $0.75 each
  • Fee per deposited item: $0.10 each

NOW Business Checking*^

A cost-effective interest-bearing account for non profits and sole proprietorships

  • Interest paid monthly
  • Simple interest paid on daily collected balance at posted rate
  • Monthly Fee: $14.00
  • Minimum to open: $100.00
  • Fee per check or debit: $0.23 each
  • Fee per deposit: $0.75 each
  • Fee per deposited item: $0.10 each

Money Market Checking*^

Higher balance requirements, with the opportunity to earn interest at higher money-market rates for non profits and sole proprietorships

  • Interest paid monthly
  • Simple interest paid on daily collected balance at posted money market rate
  • Unlimited check writing privileges
  • Minimum to open: $100.00
  • Minimum daily balance: $2,500.00
  • Monthly Fee if minimum daily balance not maintained: $14.00
  • Fee per check or debit: $0.23 each
  • Fee per deposit: $0.75 each
  • Fee per deposited item: $0.10 each
  • Limited as to eligibility

Savings Accounts

Statement Savings^§

Secure, interest-bearing account that offers ready access to funds

  • Variable interest paid quarterly
  • Minimum to open: $500.00
  • Minimum daily balance: $500.00
  • Monthly Fee if daily balance not maintained: $5.00
  • 0-5 withdrawals per month, no fee. 6 or more $0.50 each

Capital Investor Account^§

High yielding investment on high balances, for high-revenue businesses that want to maintain liquidity

  • Interest paid monthly
  • Interest rate, based on the 91-Day Treasury Bill Rate when you maintain a balance of at least $25,000.00. If balance is less than $25,000.00, a rate of interest is set by the bank
  • Minimum to open: $1,000.00
  • Minimum daily balance: $2,000.00
  • Monthly Fee if daily balance not maintained: $15.00
  • Multiple tiers of interest based on balance level

Money Market Investment Account^§

Competitive interest rates for business that maintain higher balances and seek liquidity

  • Interest paid weekly
  • Simple interest paid using average daily balance method
  • Minimum to open: $1,000.00
  • Monthly Fee of $10.00 if account falls below $1,000.00
  • Multiple tiers of interest based on balance level

 

See Fee Schedule for miscellaneous charges

All accounts have 24-hour access to Premier Online Banking and may be subject to Deposit Management Fee.

All accounts feature monthly statements except Statement Savings account which features quarterly statements.

§You may make as many withdrawals as you wish by mail, in person or at an ATM. Federal regulations, however, limit pre-authorized, electronic or telephone withdrawals to six per month. Six of these may be checks, drafts or debit card transactions to a third party.

*Monthly fees are calculated by Account Analysis. With Account Analysis, the average collected balances receive a monthly earnings credit, which may automatically offset the monthly service charges. If average collected balances are insufficient to cover the service charge, the remaining service charge will be deducted from the account. Fees could reduce the yield.

^Annual Percentage Yields (APY), Interest Rates and terms are: variable, subject to change, and available in the Investment Rates brochure.