Business Checking & Savings
Business Checking
- No minimum deposit to open
- Bank of DeSoto Debit Card
Fees
| Type | Fee |
|---|
|
Monthly maintenance charge
|
$10.00
|
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Monthly activity charges
|
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Per check paid
|
$0.15
|
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Per item deposited
|
$0.10
|
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Per deposit
|
$0.20
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Monthly Earning Credit
These charges will be offset by an Earnings Credit calculated by multiplying average daily collected balance, less legal reserves, times an Earnings Credit Rate (ECR based on a 90-day projected T-Bill Rate).
|
Savings
- No minimum deposit to open
Fees
| Daily Balance | Monthly Fee |
|---|
|
$100.00 or more
|
No Fee
|
|
$99.99 or less
|
$1.00
|
|
Additional Fees
|
|
Withdrawals
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One free, $1.00 fee per withdrawal thereafter
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Interest is accrued daily at the Bank of DeSoto current rate, paid quarterly.
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Commercial Now Account*
- $1,500.00 minimum deposit to open
- Unlimited withdrawals
- Bank of DeSoto Debit Card
Fees
| Daily Balance | Monthly Fee |
|---|
|
$1,500.00 or more
|
No Fee
|
|
$1,499.99 or less
|
$1.00
|
|
Additional Fees
|
|
Withdrawals
|
One free, $1.00 fee per withdrawal thereafter
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*Now Accounts are offered as Commercial Accounts only if they are a Non-Profit or Sole-Proprietor.
Interest paid monthly at the current Bank of DeSoto rate. Below $1,500, no interest paid.
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Money Market & CDs
Money Market
- $2,500.00 minimum deposit to open
Fees
| Daily Balance | Monthly Fee |
|---|
|
$2,500.00 or more
|
No Fee
|
|
$2,499.99 or less
|
$10.00
|
|
Additional Fees
|
|
Withdrawals
|
Three free checks per statement cycle, $10.00 fee per withdrawal thereafter
|
Interest paid monthly at the Bank of DeSoto current rate, below $1,500.00 no interest is paid.
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Certificate of Deposit
- $2,500.00 minimum deposit to open
- Available from 1 month to 60 months
- Interest available by compounding or by check
- Convenient automatic renewal option
Bank of DeSoto's interest rates on CDs fluctuate with current market conditions. CDs may be written to mature on any date. Please ask our New Account Reps to quote Bank of DeSoto's rate for the desired maturity. Federal Regulations require substantial penalty for early withdrawal.
Federal Regulations require substantial penalty for early withdrawal.
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