Business Savings
- Opening deposit: $100
- Minimum balance requirement: $2,500 average monthly balance to avoid monthly service charge
- Complimentary eStatement and Quarterly paper statement3
- Online Banking and online bill pay available at no additional charge
- Complimentary mobile App & mobile deposits4 services
Commercial Money Market Savings
- Opening deposit: $500
- Minimum Balance Requirement: $5,000 average monthly balance to avoid monthly service charge
- Complimentary monthly eStatement with check image view6
- Complimentary First Order of Checks7
- Loyal Trust Bank Debit Card
- Online Banking and online bill pay available at no additional charge
- Complimentary mobile App & mobile deposits4 services
Business Certificate of Deposit
- CD Terms: 6 Mo.; 12 Mo.; 24 Mo.; 36 Mo.; 48 Mo.; 60 Mo.
- Opening deposit: $1,000
- Interest: Yes, Tiered Interest Rate
- Early Withdrawal Penalty: Yes8
- Grace Period after maturity: 10 days
- Maturity Notice: Yes
- Automatic Renewal: Yes9,10
Business Checking Products Comparison
Accounts | Minimum Opening Balance | Account Fee |
Business Savings |
$100 |
$10 per month if average monthly collected balance falls below $2,500 |
Commercial Money Market |
$500 |
$10 per month if average monthly collected balance falls below $5,000 |
Business Certificate of Deposit |
$1,000 |
Early Withdraw Penalty |
3 Sign up online banking with Quarterly eStatement to avoid $3 paper statement charge
4 Mobile Deposit Limit: $5,000 per deposit and $10,000 daily total deposit. Please refer to Mobile Deposit disclosure and terms and conditions for funds availability
6 Sign up online banking with Monthly eStatement to avoid $3 paper statement charge
7 Complimentary first order of Loyal Trust Bank Custom checks
8 CD withdrawal or closure prior to maturity: CD term less than 12 months or less, 30 days interest penalty; CD terms over 12 months 90 days interest penalty. Withdrawal penalty may reduce earning and principle balance
9 Auto renewal rate is based on the interest rate bank offered at the maturity period; CD will auto renewal into the same term as the matured CD
10 Certificate deposit interest may be credited to the CD or other Loyal Trust Bank savings or checking account
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