Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view, download Adobe® Acrobat Reader.

Business

Woman and Man viewing Computer Header Image

Business Savings

Overview
Compare

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
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.

Scroll to view the rest of the table.

	business savings	money market	certificates of deposit (CD)	Insured Cash sweep
Minimum Opening Deposit	$500	$1,000	$500	See your banker.
Interest (Compounded daily, paid and reported per statement cycle)		Tiered based on account balance	Based on account balance and term
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 Government regulations limit savings and money market accounts to six transfers or withdrawals per month. Withdrawals or transfers made in person at the bank, by mail, or by using an ATM do not count toward the six.	2	6	_
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.