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Business Savings

Charlotte State Bank & Trust offers products to maximize the use of your business capital through a variety of savings options:

Business Money Market Deposit Account Commercial Savings Account Advantage Business Savings Account
Minimum Opening Balance $2,500 $200 $200
Balance Requirements $2,500 daily balance required to avoid monthly service fee $200 daily balance required to avoid monthly service fee. $200 daily balance required to avoid monthly service fee
Monthly Service Fee $10 $3 $3
Interest Earned Tiered interest, the more you have on deposit, the higher your return. Compounded daily and credited monthly Interest compounded daily and credited monthly Tiered interest, the more you have on deposit, the higher your return. Compounded daily and credited monthly
Withdrawal Service Fee None 2 FREE withdrawals per statement cycle, $1 service fee for each additional withdrawal 2 FREE withdrawals per month, $1 service fee for each additional withdrawal
Withdrawal Limitations Learn More Learn More Learn More
Withdrawal Limit Fee $7 for each item over the regulatory limit None None
Monthly Statements with Check Images Available Available Available

You’ll appreciate valuable additional services:

  • Account Reconciliation – download your account transactions into your spreadsheet and accounting system
  • Free Online Bill Pay – automate your routinely paid bills to save time and postage

If your account is a savings or money market deposit account (MMDA), federal law requires that an account holder may make no more than six transfers and/or withdrawals during any one (1) calendar month or statement cycle (the period from one statement to the next) or similar period of at least four weeks, to another of your accounts with us or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card, or similar order made by you and payable to third parties. Transfers and withdrawals made in person, by messenger, or at an ATM are unlimited.

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