Business Savings
Savings accounts are available to businesses with the following guidelines:
You must deposit a minimum of $100.00 to open this account and maintain a balance of $100.00 to avoid a monthly charge of $2.00.
Your interest rate and annual percentage yield may change. We may change the interest rate on your account at anytime.
Interest will be compounded and credited every quarter.
If you close your account before interest is credited, you will not receive the accrued interest.
A flat service charge of $2.00 will be imposed every month if the balance in the account falls below $100.00 any day of the month.
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Transfers from a Business Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per calendar month with no more than 3 of the 6 transfers by check, draft, debit card, or similar order to third parties.
An excess withdrawal charge of $1.00 will be charged for each withdrawal in excess of four during a month.
We will charge you $50.00 if you close your account with 90 days.
If you would like further information, please contact a customer service representative at
Dunseith 701-244-5795
Rolla 701-477-8890
Bottineau 701-228-3750