| Business types |
Corporations, partnerships, associations, LLPs and LLCs |
| Rate |
- Variable rate, compounded daily
|
| Minimum Deposit |
- $500.00 minimum opening deposit
|
| Minimum Balance Fee |
- $20.00 every statement cycle when the balance falls below $2,500.00 any day of the cycle
|
| Minimum Balance to earn interest |
- A minimum balance of $2,500.00 must be maintained in the account each day to obtain the disclosed annual percentage yield
|
| Deposits |
- Up to 25 deposits per statement cycle including up to 200 paper checks.
|
| Check Writing (per statement cycle) |
- Up to 200 traditional paper checks
- Up to 20 SummitOnline electronic bill payments without charge.
|
| Debits |
- Up to 200 per statement cycle
|
| Remote banking |
|
