Business Interest Account

If you’re a sole proprietor or manager of a non-profit organization or government entity, this account allows you to earn interest on your funds.

• Minimum deposit to open is $100.

• Unlimited check writing.

• Allows fees and charges to be offset by an earnings credit.

• The credit earned will be based on your current month's average positive collected balance less reserves maintained with the Federal Reserve at the average 90-day Treasury Bill discount rate. This earnings credit can be used to offset any other fees that may apply.

• Allows a combination of business and personal deposit accounts (excluding CDs) to offset fees. Your personal and business accounts remain separate but the balances work together to help you avoid fees.

• First 125 transactions are free. After 125 transactions, additional transactions are $.13 each (includes items deposited and items paid). Other fees may apply for wires, coin & currency orders, cash handling, stop payments, etc.

• Free introductory order of checks, deposit tickets and endorsement stamp.

• No minimum balance required for payment of interest.

• Pays interest monthly based on a tiered rate structure using the daily collected balance.

• Fees may reduce earnings on account.
  
  To obtain current rates, visit our rates page at  http://www.centerbankjax.com/site/rates.html.

• Additional fees and charges may apply.

Click here to view a PDF version Fees and Charges

Revised 03/09