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.
Contact Waldo State Bank to find out more about our personal and business banking opportunities!