Business Services
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| Business Services |
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Savings/CD
At Vineyard Bank we understand your business is your greatest asset, and that finding the right banking partner can make all the difference in your financial success. You are our inspiration, and we are committed to exceeding your expectations. We care about your business and offer solutions for all your banking needs.
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Business Savings
- Minimum to open: $100
- Monthly service fee: $5
- Minimum Balance to help avoid monthly maintenance fees: $2,500 daily average
- Interest earning account
- Conditions:
- Limited to six preauthorized, POS, automatic or telephone transfers per month. A $1.50 excess withdrawal fee will be charged for exceeding the limit of transactions per month)
Investor's Business Money Market
- Minimum to open: $1,000
- Monthly service fee: $20
- Minimum Balance to help avoid monthly maintenance fees: $2,500 daily average
- Interest earning account
- Conditions:
- Limited to six preauthorized, POS, automatic or telephone transfers per month, three of which may be checks ($10 activity fee will be charged for exceeding the limit of transactions per monthly statement cycle)
- Unlimited over-the-counter withdrawals
- Unlimited ATM withdrawals up to $1,000 per day
- Statements:
- Truncated (no cost - checks are not returned in your statement)
- Image statements (add additional $1.00)
- Non-Truncated (add an additional $2.00)
Private Reserve Business Money Market
- Minimum to open: $250,000
- Monthly service fee: $40
- Minimum Balance to help avoid monthly maintenance fees: $2,500 daily average
- Interest earning account
- Conditions:
- Limited to six preauthorized, POS, automatic or telephone transfers per month, three of which may be checks ($10 activity fee will be charged for exceeding the limit of transactions per monthly statement cycle)
- Unlimited over-the-counter withdrawals
- Unlimited ATM withdrawals up to $1,000 per day
- Statements:
- Truncated (no cost - checks are not returned in your statement)
- Image statements (add additional $1.00)
- Non-Truncated (add an additional $2.00)
Business Certificatesof Deposits
- Minimum to open: $1,000
- Terms range from 30 days to 3 years
- Interest earning account
- Conditions:
- Vineyard Bank allows limited deposits to this account for terms of one year or greater*
*If you withdraw your funds prior to maturity, a penalty may be assessed
SEP IRA
- Minimum to open: $1,000
- Conditions:
- Contributions made may be fully or partially deductible
- Interest earned is tax-free, until you withdraw the funds
- If you withdraw funds prior to maturity or before the age 59 1/2, an early withdrawal penalty may be assessed
- Consult with your personal tax advisor
Programs (including, without limit, fees, rates and features) are subject to change without notice. For additional information or other fees that may apply to our accounts, please request a copy of our Schedule of Fees and Charges and Deposit Agreement and Disclosure.
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