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BUSINESS
CHECKING ACCOUNTS We have great business checking accounts that are simple to
understand. We provide a free
notary service, a local bookkeeping department and phone
number, online banking, and best of all you get personal service with a "Can Do" attitude.
Business
Checking:
This account has a credit earned based
on your average monthly account balance that is used to help
offset your monthly service charge.
If you are
thinking of making a change and would like an analysis of
your account, please bring in (or fax
746-4758) a copy of your account statement. Most
businesses that we have done a comparison for don't have a service charge or a much reduced
service charge. |
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Earnings Credit Rate Index |
91
Day T-bill Interest Rate (minimum .20%) |
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Reserve Rate |
10% |
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Average Balance to Earn Interest |
Not
applicable |
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Service Charge Maintenance Fee |
None
with eStatements
$6.00
per month if statement is mailed. |
|
Deposits |
$ .25
each over 20 per month |
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Withdrawals |
$ .12
each over 50 per month |
Deposited Items:
On-us items
Other items (not drawn on TRNB)
Negative collected balance |
no charge
$ .06 each item
Prime Rate + 2% |
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Business
Interest Checking (NOW Account).
The Business Interest
Checking account is an interest earning account.
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Earnings Credit Rate
Index |
See our
Deposit Rates schedule for
the current NOW Account rates. |
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Average Balance to
Earn Interest |
$500.00 |
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Service Charge
Maintenance Fee |
None with
eStatements
$6.00
per month if statement is mailed. |
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Deposits |
Unlimited |
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Withdrawals |
Unlimited |
Deposited Items:
On-us items
Other items (not drawn on TRNB)
Negative collected balance |
No per item
charges |
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CLICK
HERE FOR MORE INFORMATION ABOUT FDIC INSURANCE COVERAGE
Click here to use the FDIC Insurance Calculator |
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE
COVERAGE FOR TRANSACTION ACCOUNTS.
All funds in a “noninterest-bearing transaction
account” are insured in full by the Federal Deposit
Insurance Corporation from December 31, 2010, through
December 31, 2012. This temporary unlimited coverage is in
addition to, and separate from, the coverage of at least
$250,000 available to depositors under the FDIC's general
deposit insurance rules.
The term
“noninterest-bearing transaction account” includes a
traditional checking account or demand deposit account on
which the insured depository institution pays no interest.
It also includes Interest on Lawyers Trust Accounts
(”IOLTAs”). It does not include other accounts, such as
traditional checking or demand deposit accounts that may
earn interest, NOW accounts, and money-market deposit
accounts.
For more information about temporary FDIC
insurance coverage of transaction accounts, visit
www.fdic.gov |
Interest rates and yields
are subject to change daily. Please ask for a current rate
sheet. If an account is closed before interest is credited,
accrued interest will not be paid. Interest begins to accrue
no later than the business day we receive credit for the deposit of
non-cash items. We use the average daily balance method to
calculate interest on your account. This method applies a
periodic rate to the average balance in the account for the period.
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