PSB Business Elite Checking
Our Business Elite Checking has the potential to earn interest and still have unlimited accessibility to your funds. The minimum balance required to open this account is $10,000.00, and you may make an unlimited number of deposits and debit transactions into your account. This account also includes free access to secure online banking.
The interest rate and annual percentage yield are included in the Rate Chart and may change at our discretion. You must maintain a minimum daily balance of $10,000.00 in your account each day to obtain the disclosed annual percentage yield. The interest is compounded monthly and will be credited to the account monthly. If you close your account before the interest is paid, you will not receive the accrued interest. Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Monthly Service Charge
A service charge of $8.33 will be imposed every statement cycle if the average daily balance in the account falls below $10,000.00.
Overdraft fees apply to overdrafts created by check, in-person withdrawal, or other electronic means. Fees could reduce earnings on your account.