Business Savings Comparison Chart
Business Savings Comparison Chart
Ideal for: |
Businesses looking for a disciplined savings plan that pays a higher rate of interest |
Businesses looking for a basic savings account with easy access to funds |
Businesses looking for higher returns and easy access to funds |
Minimum Opening Deposit |
$100 |
$100 |
$5,000 |
Minimum Balance |
$1,000 |
$500 (none if linked to a Business Exceptional Plan) |
$10,000 |
Monthly Service Charge |
$6 (if minimum balance is not maintained) |
$4.50 (if minimum balance is not maintained) |
$10 (if minimum balance is not maintained) |
Interest Earning |
Interest compounded daily and paid monthly Earn bonus interest rates when you make one deposit of $25 or more and no withdrawals during the month; otherwise a base rate applies |
Interest compounded daily and paid quarterly |
Interest compounded daily and paid monthly Tiered interest rates |
Statements Issued |
Monthly |
Quarterly |
Monthly |
Withdrawals |
Withdrawals are unlimited |
Withdrawals are unlimited |
Withdrawals are unlimited |
Benefits |
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|---|---|---|---|
ATM Card |
Free |
Free |
Free |
ATM Access |
No CPB ATM transaction fees when you use CPB ATMs1 |
No CPB ATM transaction fees when you use CPB ATMs1 |
No CPB ATM transaction fees when you use CPB ATMs1 |
Enhancements |
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|---|---|---|---|
Business Online Banking2 |
Free |
Free |
Free |
Business Online Banking2- Optional ACH Package |
$0.50 per ACH Item |
$0.50 per ACH Item |
$0.50 per ACH Item |
Infoline Telephone Banking |
Free |
Free |
Free |
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Transactions made at non-CPB ATMs are subject to our Non-CPB ATM Transaction Fees. Non-CPB ATMs may impose surcharges that are separate from and in addition to our Non-CPB ATM Transaction Fees and should disclose their surcharge fee at the beginning of the transaction.
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