Business Checking
For our business enterprises, Cornerstone offers an account
with your needs in mind. This account provides you with an earnings credit to offset any monthly charge, allowing you to benefit from the balance you maintain in your commercial checking account with Cornerstone Community Bank. Online banking is available and bill pay is available upon qualification.
• Minimum
to open $200.00
• Monthly ACH Fee $40.00
• Monthly Cash Management Fee $50.00
• Monthly Courier Fee $25.00
An
earnings credit, based on the previous month’s average 91-day
Treasury bill rate, will be calculated based on the average collected
balance less the reserve requirement and applied against the account
fees.
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top of page Business Investment Money Market
Cornerstone offers our business client a tiered Business Investment
Money Market Account allowing for higher interest rates on larger
balances.
• Minimum
to open $1000.00
• Interest paid monthly at statement date
• Check writing privileges, up to three checks per statement cycle
Maintenance
Fee
A $10.00 maintenance fee will be assessed if the average daily
balance for the cycle is below $2,500.00
Federal Bank Regulations limit you to six transactions from your
account each month to a third party or to another account of the
depositor at the same institution if made by preauthorized or automatic
transfer or telephone agreement, order or instruction. Only three
of these transfers may be by check. A fee of $5.00 will be charged
for each transaction in excess of the allowable number.
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In the spirit of community service, Cornerstone will provide an account
for non-profit organizations and club associations. This account
is a non-interest bearing and has no maintenance fee.
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top of page Corporate Savings
Cornerstone’s Corporate Savings Account offers ready access
to your interest earning funds.
• Minimum
to open $100.00
• Interest paid monthly at statement date
• Monthly maintenance fee of $2.00*
Federal
Bank Regulations limit you to six transactions from your account
each month to a third party or to another account of the
deposit at the same institution if made by preauthorized or automatic
transfer or telephone agreement, order or instructions. A fee of
$5.00 will be charged for each transaction in excess of the allowable
number.
*The $2.00 monthly fee is waived if $500.00 daily balance is maintained.
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Safe
Deposit Boxes
Cornerstone offers a variety of secured safe deposit boxes for your
convenience in the following sizes:
• 3 x 5”………………………..$35.00
annually
•
3 x 10”………………………$55.00
annually
•
5 x 10”………………………$75.00
annually
•
10 x 10”……………………$120.00
annually
There
is an initial $5.00 set-up fee.
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Account
Access
