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Business Checking Solutions
We understand that every business is unique and that one checking account doesn’t fit the needs of every business. That’s why we offer a choice of four checking accounts and the expertise to help you find the one that’s just right for your business.
Business Blue: If you have a smaller number of monthly transactions1 (200 or less), and don’t want to worry about maintaining a minimum balance, Business Blue is ideal for you. It offers convenient access to your money and no monthly fee.
Business Gold. If you have a higher number of monthly transactions (200-300) and other Middlesex Savings Bank business accounts, such as CDs or loans, consider Business Gold, which lets you waive the fee with your combined business balances.2
Business Plus. If you have a larger business with higher balances and transactions, have multiple checking accounts, or require cash management services, such as ACH origination, Business Plus is the best choice. With Business Plus, you’ll receive an Earnings Credit allowance3 on available balances that can be used to offset all your deposit account service fees, not just select services.
Business NOW. If your business is a non-profit organization or sole proprietorship, you’re eligible for Business NOW, which pays a competitive interest rate on checking balances. No matter which account you choose, you’ll enjoy convenient access to your money, and same day funds availability on most domestic deposits. And, your balances count toward meeting the balance required on personal Freedom Gold Checking.4
Rates Effective
May 14, 2008
- May 20, 2008
*Annual Percentage Yield
Wondering which account is right for you? To find the right Business Checking accounts for your business stop by a Middlesex Savings Bank branch or call 1-877-INFO CTR (1-877-463-6287) to speak with a knowledgeable representative.
1. For Business Blue and Business Gold, transactions include all debits and withdrawals and all credits and deposits.2. For Business Gold Checking, combined balances include average monthly balances in all business deposit accounts plus outstanding business loan balances at the end of a statement cycle; all accounts must be owned by the same business entity.3. The Business Plus Checking Earnings Credit is the allowance earned on the current month's average collected balance (reduced by balances maintained as reserves with the Federal Reserve) and is used to offset service charges. Earnings Credit in excess of service fees can be carried over from month to month within each calendar quarter. The Earnings Credit rate is subject to change.4. For individuals with 20% or more ownership, average monthly balances in all business deposit accounts, plus all outstanding business loan balances, will be included as part of their personal combined balances for Freedom Gold Checking. |
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