Community Federal Savings Bank

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Business Checking Accounts

Community Federal Savings Bank offers Business Checking accounts that have complete flexibility. Our business owners can write an unlimited number of checks for a minimal fee of $12.00 a month and the fee is imposed only if the balance falls below $5,000!

Community Business Money Market

Customers with Business Checking at Community Federal are also eligible to open Business Money Market Accounts. These accounts are interest bearing accounts with limited check writing privileges.
See the details below.

Minimum Initial Deposit

$2,500.00

Method of Access

Check, withdrawal, ATM card, Telephone Banking, Internet Banking.

Interest Rate

Variable and tiered depending on the balance.

	Balance	Annual Percentage Yield
	$0 - $2,499.99	0.50%
	$2,500 - $24,999.99	0.75%
	$25,000 - $99,999.99	1.00%
	$100,000 +	1.00%

Interest Earnings

Compounded daily, credited monthly.

Balance to Waive Monthly Maintenance

$2,500 minimum balance.

Fees and Charges

> MONTHLY MAINTENANCE FEE - $10.00
> TRANSACTION FEES - None
> EXCESS ACTIVITY FEE - $25.00 per check or preauthorized withdrawal in excess of limit.
> SERVICE CHARGES -
     Check returned for non-sufficient funds - $25.00
     Check returned for uncollected funds - $25.00
     Deposited check returned - $12.50
     Stop payment - $25.00.

Statement

Monthly statement.
End of month cycle date.

Regulatory Restrictions

A maximum of six pre-authorized third part withdrawals, three of which can be checks.
Minimum check amount - $250.00.