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Business Saving & Investment Accounts
RI Rates effective November 12, 2008
Savings Accounts
|
|
Type |
Minimum
for APY |
Minimum to Open |
Interest Rate |
APY*
|
Regular Statement Savings |
$10 |
$10 |
2.96% |
3.000% |
| Regular Savings
(passbook accounts opened after 09/18/08) | $10 | $10 |
0.50% | 0.50% |
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Investment Accounts |
|
Type |
Minimum
for APY |
Minimum to Open |
Interest Rate |
APY*
Business
Money Market
(business checking is needed to
qualify) |
$25,000+
$10.00-$24,999.99 |
$25,000
$2,500 |
1.98%
0.15% |
2.00%
0.15%
|
Rates are subject to
change without notice. |
|
Customers who do not live within out Market Area must visit
our banking office to qualify. |
|
*APY=Annual Percentage Yield |
|
Maintenance /activity fees may reduce
earnings. Rates may change on Savings, Money Market and
other investment accounts. Substantial penalties may be
imposed on early withdrawals from Certificates. Certain
other restrictions may apply. |
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