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Village Bank Checking Options
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Minimum Opening Deposit
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Minimum Balance to Avoid Service Fees
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Interest Paid on Account
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Service Fee / Terms
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Simply FREE Business Checking
Perfect for most business!
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$50
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None
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No
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No monthly service fee
1,000 FREE monthly transaction items*^
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Business Interest Checking
Perfect for qualifying sole proprietorships & not-for-profit organizations.
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$50
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$3,000
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Yes
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$10 monthly service charge if balance falls below $3,000
1,000 FREE monthly transaction items*^
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Village Bank Savings Options
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Minimum Opening Deposit
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Minimum Balance to Avoid Service Fees
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Service Fee / Terms
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Business Money Market Savings**
A competitive interest product with higher savings balances.
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$100
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$1,000
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$10 per month if balance falls below $1,000 during the monthly statement cycle. $8 per withdrawal after the six allowed per monthly statement cycle.
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Business Elite Money Market**
A high yield savings account with funds readily available when you need them. Available for consumer and business.
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$10,000
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$10,000
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$10 per month if balances falls below $10,000 during the monthly statement cycle.
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Business Certificates of Deposit (CDs)
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Traditional time deposits offered in various term lengths ranging from 90 days to 60 months.
A minimum balance of $1,000 is required to open a Village Bank CD and earn interest on the account.
CDs may be subject to early withdrawal penalties.
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*Transaction items include all debits and credits. Only $0.25 per monthly transaction item above 1,000.
^Other fees such as NSF Paid Fee, NSF Returned Fee, Delinquent Account Collection Fee, etc may apply.
**Competitive interest on all savings products, variable rates subject to change. See a banker for current rates. |