Business Banking

 

 

 

Business Savings Accounts

Central Bank and Trust Co. offers you both a traditional savings account and a marketier account so you can customize the savings vehicle to suit your business needs.

  CENTRAL SAVINGS BUSINESS MARKETIER ACCOUNT COMMERCIAL
Minimum Opening Deposit $100 $2,500
Balance Requirement $50 $2,500
Monthly Maintenance Fee $3 maintenance fee if daily ledger balance falls below $50 $30 maintenance fee if daily ledger balance falls below $2,500
Interest Yes-paid quarterly on daily collected balance Yes-paid monthly on daily collected balance; tiered rate structure means your rate increases as your balance increases
Per Item Fee N/A N/A
Imaged Statements N/A Yes
Withdrawal Limitations Three free withdrawals per month; $1 per withdrawal over three Maximum six transactions per month; $10 per item fee for excessive non-qualifying transactions.
Targeted Audience All Businesses All Businesses
Additional Benefits   Rate increases as the balances increase


Central Savings Business

Central Savings Business Account is for all types of businesses - large or small.

  • Minimum opening deposit of $100
  • $50 balance requirement to avoid maintenance fee
    • $3 monthly maintenance fee if daily ledger balance falls below $50
  • Interest paid quarterly on a daily collected balance
  • Withdrawal limitations:
    • Three free withdrawals per month
    • $1 per withdrawal for each item over three

Account Terms and Conditions
Fee Schedule

Marketier Account Commercial

The Commercial Marketier is a money-market account. Withdrawals are limited by Federal regulations. All businesses are qualified to have this type of account.

  • Minimum opening deposit of $2,500
  • $2,500 balance requirement to avoid maintenance fee
    • $30 monthly maintenance fee if daily ledger balance falls below $2,500
  • Interest paid monthly on a daily collected balance
  • Tiered-rate structure means your rate increases as your balance increases
  • Imaged statements
  • Withdrawal limitations
    • Maximum six transactions per month  
    • $10 per item fee for excessive non-qualifying transactions

Account Terms and Conditions
Fee Schedule