BUSINESS SAVINGS & CERTIFICATE ACCOUNTS
VILLAGE SAVINGS
- $100 minimum deposit to open
- Interest accrued daily
- Interest paid quarterly on collected balances
- Three withdrawals allowed per month
- $1.00 per item for excessive withdrawals
- $3.00 quarterly charge if balance below $50
PASSBOOK CD
A crossover account that allows you regular quarterly withdrawals or withdrawals anytime for a nominal penalty. Rates are adjusted monthly and track with the 91-day Treasury Bill. Higher rates than a typical money market, but no set term like a regular certificate of deposit. $2,500 minimum deposit to open No limit to deposit size or frequency One withdrawal allowed during the first ten days of each calendar quarter
CERTIFICATES OF DEPOSIT
- Terms from 6 to 48 Months - Fixed Rate
- $500 minimum to open
- Automatically renewable
- Early withdrawal penalties may apply
The FDIC protects you against the loss of your insured deposits. For more information, please click the following link: FDIC insurance information
Through our CDARS® service we can provide you with easy access to multi-million dollar FDIC protection on you CD investments.
If you are interested in opening an account and would like documents prepared prior to visiting The Village Bank office, please fill out the Business Information Form and fax it to a customer service representative at 435-628-0580. When we receive the form we will call to schedule an appointment to meet with you.
