Business Checking

A checking account for all businesses.

Limitations: You must deposit $100.00 to open this account.

Account Fees: There is monthly service charge of $6.00 plus $.25 for each deposit, $.35 for checks on Bonneville Bank, $.40 for local checks and $.65 for non-local checks included in the deposit. All withdrawals are charged $.12. FDIC Insurance is $.1354 per $100.00. All Business Checking accounts have an Earnings Credit that goes towards the monthly service charge. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Small Business Checking

A checking account for small businesses that do not plan on writing many checks during the month.

Limitations: You must deposit $100.00 to open this account.

Account Fees: You must maintain an average balance of $1,500.00 to avoid a monthly service charge of $8.00 and you are allowed up to 50 checks or withdrawals at no extra charge to you. Any checks or withdrawals after 50 would be assessed a $.15 charge. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Business Savings

This is an account for those who would like to earn interest without having to maintain a large average balance and without making very many withdrawals.

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account. We may change the interest rate on the account every week. The interest rate on the account will never increase by more than 1.00% each rate change. The interest rate on the account will never decrease by more than 1.00% each rate change. The interest rate on the account will never be less than .25%. The interest rate will never be more than 10.00%. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded daily and will be credited to the account quarterly. If you close the account before interest is credited you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Limitations: You must deposit $50.00 to open this account. You may make six (6) transfers from your account each four (4) week or similar period.

Account Fees: In order to avoid a $3.00 Service Charge per quarter, you will want to maintain an average balance of $50.00 in this account. You will also want to limit the number of withdrawals on this account to 6 per quarter, as there is a $1.00 fee for each withdrawal over 6. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Business Money Market Deposit Account

This is a business account for those who would like to earn interest on their money while also having easy access to the funds and is able to maintain an average balance of $2,500.00 in the account.

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account. We may change the interest rate on the account Ever week. The interest rate on the account will never increase by more than 1.00% each rate change. The interest rate on the account will never decrease by more than 1.00% each rate change. The interest rate will never be less than .25%. The interest rate will never be more than 10.00%. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded daily and will be credited to the account monthly. If you close the account before interest is credited you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account. The method applies a daily periodic rate to the principal in the account each day.

Limitations: You must deposit $50.00 to open this account. You may make six (6) transfers from you account each four (4) week or similar period, but only three (3) may be payments by check to third parties.

Account Fees: In order to avoid an $8.00 service charge per month, you will want to maintain an average balance of $2,500.00 in this account. There are only 6 withdrawals allowed on this account per month anymore will be assessed a $10.00 fee for each withdrawal. Each withdrawal must be for a minimum of $500.00. There is a charge of $2.00 for withdrawals made below the minimum balance. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Individual Retirement Accounts (IRA)

You may put your IRA funds in the following accounts: 18-MONTH IRA CERTIFICATE OF DEPOSIT and 30-MONTH IRA CERTIFICATE OF DEPOSIT.