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Available to all business entities |
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Minimum opening deposit, $100.00 |
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Average monthly balance to avoid service fee, $2,500.00 |
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Monthly service fee if balance not maintained, $10.00 |
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Tiered-rate structure (interest paid on balances of $0.01 and above) |
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Simple interest earned daily, paid monthly |
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Interest rate subject to change |
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Monthly imaged statement |
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If checking account falls below the target balance, a reverse sweep
transaction can occur to move funds from the sweep account back into the
checking account |