BankEast Business Savings Choices

Business Savings
Open a Business Savings account with only $100 and begin earning interest on your excess funds immediately. Automatic transfers from your BankEast checking account are available. You also have the convenience of transferring between your accounts at BankEast ATMs, through Access24, and via BankEast Business OnLine.

Business Investor Reserve
Business Investor Reserve provides an investment alternative that pays a higher interest rate than normally offered by interest bearing checking accounts. The interest rate is tiered…so the higher your balance, the greater your return. Plus you have the added bonus of easy access to your funds whenever you need them.

Business Platinum Reserve
Business Platinum Reserve is similar to Business Investor Reserve in that it offers interest rates that are tiered by balance level. The Platinum Reserve rate tiers were developed for companies with higher levels of excess funds that are looking for an investment alternative with maximum liquidity.

Certificates of Deposit
With as little as $1,000, your company can invest in a Certificate of Deposit (CD) that will earn a guaranteed rate of return for the term of the CD. The interest rate for the CD will be based on current market conditions and the term you choose.

 

BankEast Business Savings Guide
 

Product Name	Business Savings	Business Investor Reserve	Business Platinum Reserve	Certificate of Deposit (CD)
Minimum Opening Balance	$100	$1,000	$10,000	$1,000
Maintenance Fee	None	None	None	N/A
Minimum Balance Fee	$5	$10	$15	N/A
Minimum Daily Balance to Avoid Fee	$500	$2,500	$50,000	N/A
Check Writing*	Not Available	# of withdrawals is limited by regulations*	# of withdrawals is limited by regulations*	Not Available
Withdrawal Limits	$3 for each withdrawal over 3 per month	$10 for each withdrawal over 6 per month	$10 for each withdrawal over 6 per month	Penalty for early withdrawal
Interest Paid	Yes	Yes	Yes	Yes
Account Available To	Business entities	Business entities	Business entities	Business entities
Other Features	Quarterly statement   *Unlimited access to account: • in person • by ATM   *Limited access to account by: • check • pre-authorized transfer • wire, EFT, or telephone *No more than 6 limited withdrawals per month, with no more than 3 being by third party check, POS, electronic, or transfer.	Monthly Statement   *Unlimited access to account: • in person • by ATM   *Limited access to account by: • check • pre-authorized transfer • wire, EFT, or telephone *No more than 6 limited withdrawals per month, with no more than 3 being by third party check, POS, electronic, or transfer. Interest rate tiers -Below $2,500 -$2,500-14,999 -$15,000-24,999 -$25,000-49,999 -$50,000+	Monthly Statement *Unlimited access to account: • in person • by ATM *Limited access to account by: • check • pre-authorized transfer • wire, EFT, or telephone *No more than 6 limited withdrawals per month, with no more than 3 being by third party check, POS, electronic, or transfer. Interest rate tiers -Below $50,000 -$50,000-99,999 -$100,000-249,999 -$250,000-499,999 -$500,000-999,999 -$1,000,000+	Automatically renewable   Various rates and terms   May be used as collateral for loan

Member FDIC | Equal Housing Lender
Curtis Mortgage Company, Inc. is a wholly owned subsidiary of BankEast Corporation.

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