Bank of Monticello - Business Deposit Accounts
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HELPING with all your BANKING NEEDS

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Business Deposit Accounts

Checking Accounts

  • No Minimum Balance
  • Unlimited transactions
  • $.05 per debit service charge if the average balance falls below $10,000.00 during the statement cycle
  • Free Online Banking
  • Free Online Bill Pay **

Interest Bearing Checking Accounts

  • Interest earning deposit account with unlimited transactions *
  • $500 minimum balance to earn interest
  • No service charges provided the average balance is maintained
  • $.05 per debit service charge if the average balance falls below $500.00 during the statement cycle
  • Free Online Banking
  • Free Online Bill Pay**

High Yield Checking Accounts

  • Interest earning deposit account with unlimited transactions *
  • Tiered Interest Rates increase as deposit balances increase *
  • $1,000 minimum balance to earn interest
  • No service charge provided the average balance is maintained
  • $.10 per debit service charge if the average balance falls below $1,000.00 during the statement cycle
  • Free Online Banking
  • Free Online Bill Pay**

Money Market Accounts

  • Tiered Interest Rates increase as deposit balances increase *
  • $500 minimum balance
  • Depositors are limited to 6 debits per statement cycle with unlimited credits
  • $.15 per debit service charge
  • $1.00 service charge for each debit exceeding 6 per statement cycle
  • Free Online Banking

Passbook Savings Accounts

  • No minimum balance
  • Interest earned on accounts with balances of $100 or greater*
  • Interest is compounded and paid quarterly *
  • $.50 service charge for each debit transaction in excess of 6 per month.
  • Free Online Banking

Certificates of Deposit

  • Competitive Interest Rates
  • Terms from 91 days to 5 years
  • Current rates and terms are posted in our lobby
  • Interest penalty for early withdrawal

* The interest rate on these accounts is determined by bank policy and is subject to change periodically

** $10.00 reactivation fee if not used in a 3 – month period