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Business
- Savings
At Mt. Washington Bank, we believe in making your business money work
as hard as you do.
That's why we offer the following products to
meet your savings goals.
| Business Statement Savings |
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| Variable interest rate |
| Monthly statement |
| Only $50 to open account |
| Only $1.00 monthly maintenance fee if minimum daily balance falls below $350 |
A Business Statement Savings accounts is a limited transaction account. This account islimited to six (6) pre-authorized, automatic, telephone, or online banking transfers to another account or to third parties per statement cycle. A fee will apply for each transfer in excess of the six (6) during a statement cycle.
| Business Money Market |
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| A low minimum balance requirement of $2,500
to open account |
| Higher interest paid on tiered balances |
| Only $8.00 monthly maintenance fee if minimum daily balance falls below $2,500. |
A Business Money Market account is a limited transaction account. This account is limited to six (6) pre-authorized, automatic, telephone, or online banking transfers to another account or to third parties or checks made to a third party per statement cycle. A fee will apply for each transfer in excess of the six (6) during a statement cycle.
| SEP |
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| SEPs are another type of retirement plan
for businesses or self-employed individuals. This plan gives employers
a method of providing retirement benefits without the complexities
of a qualified plan. |
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