| Business Savings | Business Money Market Savings | Employer Group Health Savings Accounts | |
|---|---|---|---|
| Description: | Designed to help businesses manage liquidity
Can be linked to our checking and other deposit products |
Pays higher interest than Business Savings while permitting instant access to your funds
Can be linked to our checking and other deposit products |
A tax-advantaged account that employers and their employees with high-deductible health insurance policies can fund and use to pay for medical expenses |
| Minimum Opening Deposit: |
$200 | $2,500 | $100, 2 months of plan fees and $35 set-up fee |
| Minimum Balance To Waive Service Charge: |
$300 | $2,500 | None |
| Monthly Service Charge If Minimum Balance Is Not Maintained: |
$5 | Standard: $10 Premium: $12 |
Monthly Service Charge Value Plan: $3.00 Standard Plan: $9.00 |
| Interest Earning: | Interest compounded daily and paid quarterly |
Tiered interest rates based on balances maintained daily. |
Interest accrues at current market rate Interest is compounded daily and credited to the account quarterly If the account is closed prior to the interest payment period, interest will not be received |
| Transaction Limits and Fees: |
Transfers from a Business Savings account to another account or to third parties by preauthorized, automatic, telephone, computer transfer, debit card or similar order are limited to six each four week period (statement cycle)
An excess debit fee of $2.00 will be charged for each debit transaction (withdrawal, automatic transfer or payment out of this account) in excess of three each four week period (statement cycle) |
Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, draft, debit card or similar order to third parties computer transfer are limited to six each four week period (statement cycle)
$15.00 fees apply to seventh and all subsequent withdrawals each four week period (statement cycle) |
Varies with program or ask a representative for details |
| Additional Services:* | Courier Service Night deposit Safe deposit box Merchant Card services Cash Management Services:
|
Courier Service Night deposit Safe deposit box Merchant Card services Cash Management Services:
|
Paying of medical bills Distributions "echecks" by website online banking |
Please Note: This information is accurate as of February 2013. Central Valley Community Bank reserves the right to make changes at any time as a result of a change of policy, law, and regulation or otherwise. *Fees may apply.
Learn about other Central Valley Community Bank accounts
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| Cash Management Manage your business's cash flow  Learn More |
Remote Deposit Deposit your customers' checks online anytime day or night Learn More |
Health Savings Accounts The right choice for your health and wealth Learn More |
