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Not-for-Profit Interest Bearing

An account designed for non-profit organizations that receive a tax-exempt status and desire to earn interest on their balance.

Interest
For every day your collected balance is $2,500 or more, you will be paid a variable rate of interest, calculated as daily, simple interest on a 365-day basis. For each day your collected balance is less than $2,500, your rate will be reduced.

Service Charges
Service charges will automatically be debited against your account on your monthly statement based on the following activity:
Checks or Debit Items
No fee if less than 100 checks or debits are paid during a statement cycle; $.25 per check/debit over 100.

Items Deposited
No fee if less than 100 items are deposited to the account during a statement cycle; $.25 per item over 100.

Account Maintenance
Accounts not maintaining a minimum daily balance of $2,500 will be charged $10 per month.
Eligibility
Federal law limits the availability of Interest-Bearing Checking accounts to individuals, government and not-for-profit organizations operated primarily for religious, philanthropic, charitable, educational or other similar purposes. Accounts cannot be assigned to any person who does not satisfy these eligibility requirements.