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Business

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Business Savings

Overview
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Safely put away money for the future while earning interest.

Business
Savings

features

Open with $500 deposit
No monthly maintenance fee with a minimum daily balance of $500
Two withdrawals per statement cycle

Money
Market

FEATURES

Open with $1,000 deposit
Tiered interest rates based on account balance
Six withdrawals per statement cycle at no charge; $5 for each additional withdrawal
No monthly maintenance fee with $1,000 minimum daily balance

Certificates of deposit

FEATURES

Open with $500 deposit
Interest rates based on account
balance and term

Insured cash sweep

With an Insured Cash Sweep (ICS®) account, your organization can access up to $50 million in FDIC protection through your banking relationship with North State Bank.

Safely put away money for the future while earning interest.

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	business savings	money market	certificates of deposit (CD)	Insured Cash sweep (ICS)
Minimum Opening Deposit	$500	$1,000	$500	N/A
Interest (Compounded daily, paid and reported per statement cycle)		Tiered based on account balance	Based on account balance and term	Accrued and compounded daily using a daily rate based on balance
Monthly Maintenance Fee	$0 or $4¹	$0 or 6¹	_	-
Balance Requirement to Avoid Monthly Fee	$500	$1,000	_	-
Number of Withdrawals Per Statement Cycle at No Charge	2	6	_	6 for savings and money markets
Fee Per Excess Withdrawal	$3	$5	Penalties may apply	-
Electronic or Paper Statement at No Charge			Paper maturity and renewal notices

¹Monthly maintenance fee waived when minimum account balance requirement is met.