» Regular Business Checking
» Small Business Checking
» Non-Personal Savings Account
» Certificates of Deposit (CDs)
» CDARS
» Money Market Accounts
Discover the benefits of SBC Business Banking! With our extended bank hours, you can talk to your banker about your account after normal business hours! Our earnings credit allows you to reduce (or eliminate) any handling fees based on the average daily balance in your account.
| Handling Fee (monthly formula) | |||
| Handling Charge | $ 15.00 | ||
| Per Check Drawn | $ .40 | ||
| Per Deposit | $ .35 | ||
| Per Item Deposited | $ .25 | ||
| Earnings Credit | SBC NOW account rate computed
on the average collected balance |
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The ideal account for businesses that do not have much activity on their account. With no minimum balance and a flat handling, this may be the account you are looking for.
| Handling Fee | $ 15.00 | |
| Total Items Allowed | 50 | |
| Fees for Items Over Limit | $ .50 | per item |
Earn interest on your excess business funds by opening a Non-Personal Savings account.
| No charge when minimum balance is $300 or greater. | ||
| If balance falls below $300 | $ 12.00 | per quarterly cycle |
If you're looking for an investment that offers you a highly competitive interest rate, consider a State Bank of Countryside certificate of deposit (CD) account. You can select the maturity (or even the exact maturity date you want), that best matches your needs and you'll have the peace of mind of FDIC insurance. And, for your convenience, our CDs are automatically renewable, making reinvestment quick and easy.
Pick the exact term you want within each time frame... feel free to pick the exact maturity date if you so desire.
Click here for CD rates.
| TERM | MINIMUM OPENING DEPOSIT REQUIRED |
| Between 32 days and 364 days | $2,500 |
| Between 1 year and 4 years | $1,000 |
CERTIFICATE OF DEPOSIT ACCOUNT REGISTRY SERVICE (CDARS®)
Obtain up to $50 million in FDIC insurance on your deposits with State Bank of Countryside’s CDARS program. CDARS is a valuable tool that will safely enhance your investment portfolio while providing time saving conveniences.
With CDARS, your large deposit is broken into smaller amounts and placed with other banks that are members of this special network. Then, those member banks issue CDs in amounts under $100,000 so that your entire investment is eligible for FDIC insurance and earns CD-level interest. You work directly with us and receive one regular statement, which lists all of your CDs in the CDARS network. No more trips to multiple banks to open and close CDs. One bank, one statement, all covered by the FDIC.
For additional information about our CDARS program, contact a Financial Counselor at any of our locations.
There are many benefits to opening a Money Market Account -
- easy access to your funds
- competitive market interest rates
- no lock-in; total liquidity
- check writing privileges
- FDIC security
Choose the Money Market that is right for you:
| Non-Personal Money Market Insured Account (MMI) | ||
| Minimum balance to open account | $2,500 | |
| Minimum balance to obtain Annual Percentage Yield | $2,500 | |
| Handling charge | ||
| » | Minimum balance of $2,500 or greater during monthly cycle | None |
| » | Minimum balance less than $2,500 during monthly cycle | $20 per monthly cycle |
| Checks paid (excess withdrawal) | $25 for each withdrawal in excess of the allowed 6 per monthly cycle |
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| Click here for deposit rates. | ||
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| Prime Money Market Account (PMM) - Non-personal | ||
| This is a variable rate account that is tied to the SBC Prime Rate*. The interest rate for each tier is a percentage of the SBC Prime Rate*. Each time the SBC Prime Rate* changes, so does the interest rate on your Prime Money Market Account. | ||
| » | Tier 1 $25,000 - $99,999 | 35% |
| » | Tier 2 $100,000 - $499,999 | 40% |
| » | Tier 3 $500,000 - $999,999 | 45% |
| » | Tier 4 over $1 million | 50% |
| Minimum balance to open account | $25,000 | |
| Minimum balance to obtain Annual Percentage Yield | $25,000 | |
| Handling charge | ||
| » | Minimum balance of $25,000 or greater during monthly cycle | None |
| » | Minimum balance less than $25,000 during monthly cycle | $20 per monthly cycle |
| Checks paid (excess withdrawal) | $25 for each withdrawal in excess of the allowed 6 per monthly cycle |
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| *SBC Prime Rate is defined as the Prime Rate published by JPMorgan Chase Bank N.A., each business day in the Wall Street Journal. | ||
| Click here for deposit rates. | ||
