Business Savings
Features
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Money Market
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Regular Savings
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Pre-needs (1)
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IOLTA (2)
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Business type
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All types
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Proprietorships
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Funeral homes
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Attorneys
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Minimum to open
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$1,000
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$100
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$100
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$100
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Minimum to earn interest
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No minimum required
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$100
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No minimum required
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$500
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Minimum to avoid monthly charge
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$1,000
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$100
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No charge
|
No charge
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Monthly charge if minimum not met
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$7
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$3
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No charge
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No charge
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Excess item charge (3)
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$.25/item over 150/mo
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$.25/item over 150/mo
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No charge
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No charge
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Excess withdrawal fee
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No fee
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$2/debit over 3/month
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No fee
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No fee
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Personalized checks
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Free (4)
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Unavailable
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Unavailable
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Unavailable
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(1) Pre-need accounts are available for funeral homes to enable their clients to save for future funeral expenses and to fix those future expenses at current costs.
(2) IOLTA accounts allow interest to be earned on an attorney's trust funds. The interest is paid monthly to a foundation of the South Carolina Bar Association.
(3) Items include debits, credits and checks deposited.
(4) The number of checks written on money market accounts are limited by federal regulation to 3 per month. There is no limit on the number of withdrawals.
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