Business Savings Accounts
Business Statement Saving Account
A flexible interest bearing account for every day savings.
Features and Benefits:
- Minimum Deposit of $25.00 to open the account
- Easy access and No Service charge
- Safety of the maximum FDIC insurance coverage allowed by law
- Free online Banking
- ATM Card (annual $12.00 fee- no foreign ATM service charges assessed by The National Bank of Malvern)
- Free quarterly statement (e-statements available)
- A minimum balance of $25.00 must be maintained in the account each day to obtain the disclosed annual percentage yield
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Account Transaction Limits (If more than six (6) pre-authorized withdraws, third party checks, drafts, telephone or internet banking transfers occur within a month, a $10 per item fee may be assessed for each transaction over six (6))
- Interest will be credited monthly for statement savings
- See current rates link for current interest rate.
Business Certificates of Deposit
A great way to earn a great return on funds.
Features and Benefits:
- We offer certificates of deposit terms ranging from 6 months to 7 years with a minimum deposits ranging from $500.00 to $2500.00 to suit our depositors wide range of savings needs. Choose the term and rate that works for you.
- Safety of the maximum FDIC insurance coverage allowed by law
- Free online Banking to view your certificates
- See current rates link for current interest rate.
- Penalty for early withdrawal
