Waldo State Bank Regular Business Savings

Regular Business Savings

  • A minimum deposit of $5.00 is required to open a business savings account.
  • You may make unlimited in-person withdrawals. You may make up to six (6) pre-authorized, automatic, or telephone transfers per month.
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • Interest will be compounded and credited to your account quarterly. If you close your account before interest is credited, you will not receive the accrued interest.
  • Interest begins to accrue on the business day you deposit noncash items (checks, for example).
  • You must maintain a minimum balance of $50.00 in the account each day to obtain the disclosed annual percentage yield.
  • Your interest rate and annual percentage yield (APY) may change. At our discretion, we may change the interest rate on your account at any time.
  • Contact Waldo State Bank for current rates.

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