Business Savings Accounts

Savings

  • Interest bearing account
  • This account is limited to six withdrawals per quarter to avoid maintenance fees

Rate information

This is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account. We may change the interest rate on the account daily. Interest begins to accrue on the business day you deposit non-cash items (for example: checks). Interest will be compounded monthly and will be credited to the account monthly. If you close the account before interest is credited you will not receive the accrued interest.

Balance information

We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Limitations

Regulation D allows you to make six transfers from your account each four weeks or similar period. Account fees will apply as stated below.

Account fees

The following fee applies to this account

Excess Activity Fee: $1.00 for each debit transaction (withdrawal, check paid, automatic transfer, or payment out of the account) in excess of six during the quarter. This fee will be described on your statement as: Withdrawal Fee.

Certificate of Deposit

Kearney Trust Company offers certificates of deposit that range from 31 days to 60 months. These are time deposits that guarantee a certain rate for a certain length of time. $100.00 minimum balance required.

Second Chance 30 Month CD

This certificate allows the interest rate be adjusted once during the 30 month time period. There is a $10,000.00 minimum to open this CD.

6 and 12 Month Add-on CD's

These CD's were designed with our younger investors in mind. It allows deposits to be made in $100.00 increments. This lets the kids in our kid's club save their money in their savings accounts and then transfer those funds over for a higher rate of return. No minimum balance required.

Note: For an actual legal disclosure of these products contact us at the bank.