Account Description | BUSINESS ESSENTIALS | BUSINESS PREFERRED | BUSINESS ANALYSIS |
Minimum Opening Deposit | Designed for emerging and established businesses with low volume. | Interest bearing checking account offering a better value to businesses that maintain higher balances. | High activity checking account that utilizes earned credit to offset service and maintenance fees. |
Interest Earnings* | $100.00 | $100.00 | $100.00 |
Earnings Credit Index | Not Applicable | Variable | Not Applicable |
Minimum Balance Requirement | Not Applicable | Not Applicable | Variable |
Monthly Maintenance | None | $10,000.00 Average Daily Balance | None |
Monthly Service Charge (if below minimum) | None | None | $15.00 |
Checks Written and Other Debits | None | $30.00 | Not Applicable |
Ongoing Overdraft | 125 Free per Statement; Over 125, $0.25 each | 300 Free per Statement; Over 300, $0.20 each | $0.229 per Item |
Deposits and Other Credits | $5.00 to be charged on the 3rd day | $5.00 to be charged on the 3rd day | $5.00 to be charged on the 3rd day |
Negative Collected Balance Charge | No Charge | No Charge | $0.497 |
Items Deposited | Not Applicable | Not Applicable | Prime + 4% |
On Us | Included in "Checks Written and Other Debits." See Above | 300 Free per Statement; Over 300, $0.20 each | See Below |
Iowa Items | Not Applicable | Not Applicable | $0.109 |
All Others | Not Applicable | Not Applicable | $0.117 |
Reserve Requirement | Not Applicable | Not Applicable | $0.149 |
Check Images | Not Applicable | Not Applicable | 10% |
Monthly or Annual CD | Free | Free | Free |
FDIC Assessment | Available | Available | Available |
Business Visa Check Card | Not Applicable | Not Applicable | Current Rate |
Business Online Banking | Free | Free | Free |
Remote Deposit | Free | Free | $30.00 |
Online Bill Pay | Not Applicable | Available | Available |
Online Statements | Available | Available | Available |
24 Hour Phone Banking | Required | Free | Free |
* Refer to CBT rate sheet for more information on interest rates and annual percentage yields. All fees will be subject to state and local sales tax.