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Business Savings Account Comparison Chart

Description Opening Balance Average Balance Service Charge
This account is an excellent way to earn money on your business savings. You only must maintain a minimum balance of $100 to obtain the disclosed APY. A $1 service charge per transaction in excess of six (6) allowable pre-authorized transfers* per month.

$0

$0

$0

You may make six (6) pre-authorized transfers** from your account each four (4) weeks or similar period, but only three (3) may be payments by check to third parties.

$2,500

$2,500

$10

Additional service fees may be applicable to these accounts. Please refer to the bank's Commercial Schedule of Fees brochure for more information.

Business Savings

We know that as a business owner, you work hard for every dollar you earn and you want your savings to work as hard as you do. At Bank of Botetourt, we offer a variety of business savings solutions that add interest to your funds. From Money Market Accounts to basic Savings, we'll find the savings solution to fit your individual needs.

Learn about our business savings options below. If you don't see what you're looking for on this list, or if you have additional questions, just give us a call at 540-591-5000 or stop by one of our convenient locations. Our smiling employees will be glad to assist you over the phone or in person.

Business Savings

This is a great account for setting money aside for a special purpose or keeping savings separate from other funds.

  • No average balance requirement.
  • No monthly service charges.
  • Interest is paid on balances of $100.00 and above.
  • Unlimited teller-line withdrawals and ATM withdrawals are permitted.
  • Federal Banking Regulations limit the number of pre-authorized transfers* to six per month. Exceeding these limitations will prompt a $1.00 service charge per transaction over the six allowable transfers.
  • Check today's Savings Rates

Business Money Market

This is a great account for those with limited transaction activity who want to earn higher interest rates. Tiered interest rates allow you to earn competitive rates on different account balances.

  • An opening deposit of $2,500 is required.
  • A minimum balance of $2,500 must be maintained to avoid being charged monthly maintenance fees of $15.00 per month.
  • Federal regulations governing money market accounts limit transaction activity on these accounts. You may make six (6) pre-authorized transfers** from your account each four (4) week or similar statement period. Federal regulations allow three (3) of these six transactions per statement cycle to be payments made by check, draft or similar order to third parties. Transactions which exceed federal regulations will be charged an excess item fee of $10.00 per transaction.
  • Check today's Savings Rates

Additional service fees may be applicable to these accounts. Please refer to the bank's Commercial Schedule of Fees brochure for more information.

* Pre-authorized transfers include the following types of transactions: Telephone transfers, internet transactions such as Bill Pay and PayPal, overdraft protection transfers, and automatic transfers.

**For Money Market Accounts, Pre-authorized transfers include the following types of transactions: The transfer or withdrawal of funds by telephone, by wire or PC, the use of overdraft protection, automatic payments, or checks.

Visit one of our convenient locations to apply for a Business Savings account

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