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Business Interest Earning Accounts
Account Type /
Business |
Minimum Opening
Deposit |
Interest Rate
|
Annual % Yield |
Summit Business Interest Checking*
Minimum daily balance of:
Under $2,500
$2,500 and over |
$500.00 |
0.25%
0.50% |
0.25%
0.50% |
Summit Business Savings* |
$500.00 |
1.00% |
1.00% |
Summit Business Money Market*
Minimum daily balance of:
$1.00 to $9,999
$10,000 to $24,999
$25,000 to $49,999
$50,000 to $99,999
$100,000 and over |
$1,000.00 |
1.00%
1.20%
1.69%
1.98%
1.98%
|
1.00%
1.20%
1.70%
2.00%
2.00%
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* Fees may reduce earnings on this account.
* Annual Percentage Yields quoted effective 09-16-08 and are subject to change without notice.
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