Business Savings, Money Market and CDs
No matter what amount you deposit, put your money to work for you with one of Sunwest Bank’s business savings accounts.
Corporate & Small Business Savings Accounts
| Product Information | Business Tiered Super Savings Money Market | Business Savings | Business Freedom Time Account No Risk (CD) |
|---|---|---|---|
| Monthly Service Charge | $15 | $15 per Quarter | No charge |
| How To Avoid Monthly Service Charge | Monthly service charge waived for maintaining a $2,500 minimum daily balance or more, or $5,000 Average Daily Balance1 or more | Quarterly service charge waived for maintaining a $1,000 minimum daily balance or more | Not applicable |
| Minimum Balance to Open | $100 | $100 | $500 |
| Features and Account Benefits | Tiered interest and higher interest rates available compared to Business Savings | Tiered Interest | Unlimited deposits available, one penalty-free withdrawal allowed during the term of the account, automatically renews at maturity after grace period |
| Transaction Restrictions and Limitations | Regulations prohibit more than six (6)2 withdrawals or electronic transfers per month | Regulations prohibit more than six (6)2 withdrawals or electronic transfers per month | Substantial penalty for early withdrawal may apply after 1 penalty-free withdrawal, during the term |
1. Average Daily Balance: The Average Daily Balance is calculated by adding the principal in the account for each day of the month and dividing that figure by the number of days in the month.
2. Six (6) covered transactions per calendar month (including preauthorized debits, online banking transfers, payments to 3rd parties, telephone transfers, and point of sale transactions).
Business Savings, Money Market – Idaho
No matter what amount you deposit, put your money to work for you with one of Sunwest Bank’s business savings accounts.
| Product Information | Business Business Money Market | Select Business Savings |
|---|---|---|
| Monthly Service Charge | $12 | $5 |
| How To Avoid Monthly Service Charge | Monthly service charge waived for maintaining a $3,500 Average Daily Balance1 or more | Monthly service charge waived for maintaining a $500 Average Daily Balance1 or more |
| Minimum Balance to Open | $100 | $100 |
| Features and Account Benefits2 | Tiered interest and higher interest rates available compared to Business Savings | Tiered Interest |
| Transaction Restrictions and Limitations | Regulations prohibit no more than six (6)3 withdrawals or electronic transfers per month | Regulations prohibit no more than six (6)3 withdrawals or electronic transfers per month |
1. Average Daily Balance: The Average Daily Balance is calculated by adding the principal in the account for each day of the month and dividing that figure by the number of days in the month.
2. Fees and additional Bank approval may apply to products and services.
3. Six (6) covered transactions per calendar month (including preauthorized debits, online banking transfers, payments to 3rd parties, telephone transfers, and point of sale transactions).