| Business Banking Solutions - Services Details |
Must have an existing checking account with State Bank with a minimum balance of $1,000.00.
Features:
- Competitive high interest rate
- Unlimited deposits
- ATM / VISA® Instant Cash & Check Card
- Up to six free withdrawals per statement cycle (up to three of which can be third-party items)
- Itemized statement with check images
- TeleBanker
- Online banking
Pricing:
- Minimum amount to open is $50,000
- $25.00 monthly maintenance fee applies if daily balance falls below $25,000
- A $10.00 charge will be applied for each transaction in excess of six
Interest:
- Interest is compounded daily and paid monthly on entire collected balance
- Variable interest rate is subject to change without notice.
***Investment Cash Sweep accounts are secured obligations of State Bank. Any amounts placed in the Investment Cash Sweep account are not deposits of the bank, are not insured by the FDIC, are not guaranteed in any way by the United States or any of its agencies, are not a money market fund, are not placed in any money market certificate and are subject to investment risks, including possible loss of principal invested.
