Expect the Unexpected

Business savings accounts

Good planning helps your company grow. But business doesn’t always go as planned. Be prepared when it doesn’t. Overcome unexpected business expenses and challenges by protecting yourself through a Charlotte State Bank & Trust business savings account.

Commercial Savings Account1

  • $200 minimum opening deposit
  • $200 minimum balance required to avoid $3 monthly service fee
  • Free online banking
  • Interest rate may change at any time; interest compounds daily and is credited monthly. Minimum balance of $200 required to obtain the annual percentage yield.
  • Must be 18+ years of age; some restrictions apply. Additional documentation is necessary as required by federal law.
Papers

Commercial Savings Product Sheet

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Advantage Business Savings Account

  • $200 minimum opening deposit
  • $200 daily balance required to avoid $3 monthly service fee.
  • Free online banking
  • Tiered interest—the more you have on deposit, the higher your return—compounded daily and credited monthly
  • An excess transaction fee of $3 is charged for each item over the regulatory limit.
  • Must be 18+ years of age; some restrictions apply. Additional documentation is necessary as required by federal law.

 

Papers

Advantage Business Savings Product Sheet

View Here

Business Money Market Account1

  • $2,500 minimum opening deposit
  • $2,500 daily balance to avoid $10 monthly service fee
  • Free online banking
  • A $10 per item excess transaction fee is charged for each item over the regulatory limit.  
  • Interest rate may change at any time; interest compounded daily and credits account monthly. (This is a tiered rate product that pays interest based on minimum balance of $2,500 to obtain the annual percentage yield.)
  • Must be 18+ years of age; some restrictions apply. Additional documentation is necessary as required by federal law.
Papers

Money Market Business Product Sheet

View Here

1: You may make no more than six transfers and/or withdrawals from your account during any one calendar month or statement cycle (the period from one statement to the next) or similar period of at least four weeks by preauthorized or automatic transfers, or telephonic (including data transmissions) agreement, order of instruction, or by check, draft, debit card, or similar order made by you and made payable to third parties. You may make unlimited withdrawals (payments directly to you or transfers of funds from your account to any other deposit or loan account with us) either in person at our locations, by mail, messenger, telephone (via check mailed to you) or use of an ATM card (if applicable).