First Business Checking
Minimum Opening Deposit: $100
Jefferson Bank First Business Checking is designed to meet the needs of small businesses with limited transaction activity. Partnerships, corporations, associations, and individuals engaged in business qualify for First Business Checking.

Non-Interest Bearing Account. If your minimum balance is less than $2,500 and your average collected balance is less than $5,000, a $15.00 monthly fee will apply.

Excess items incur an additional fee: An excess item charge for more than 150 items (deposits, deposited items, checks and other items) per statement cycle will be $.35 each.

*Additional features apply

Commercial Checking with Interest
Minimum Opening Deposit: $500
Commercial Checking with Interest is designed for Individuals, Sole Proprietors, and Non-profit organizations that want to earn interest and have the benefits of a full-service business checking account. Due to Federal Regulations, Checking with Interest is not available to Corporations, Partnerships, Associations, or Other for-profit organizations.

Interest will be compounded and credited to your account monthly. Your interest rate and annual percentage yield may change at our discretion. We may change the interest rate on your account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example: checks). We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected balance in the account each day.

If your minimum balance is less than $5,000 and your average collected balance is less than $7,500, a $15.00 monthly fee will apply.

Excess items incur an additional fee: An excess item charge for more than 150 items (deposits, deposited items, checks and other items) per statement cycle will be $.35 each.

*Additional features apply

Commercial Checking
Minimum Opening Deposit: $500
Commercial Checking is a full-service business checking account for partnerships, corporations, associations, and individuals engaged in business. Each account is analyzed monthly to assess service charges, if any, based upon your company's account volume and balances maintained. Commercial Checking service charges are based on the account's activity and analysis charges reduced by an earnings credit calculated on the average collected balance less reserve requirement. No service charges are assessed if sufficient balances are maintained to cover the fees incurred.

Negative Collected Balance Charge subject to change based on Wall Street Journal Prime +2.0%. A fee will be charged for the number of days the average collected balance is negative during the statement cycle.
Earnings Credit rate subject to change based on monthly average 90 day T-bill rate. An earnings credit will be paid for the number of days the average daily collected balance is positive during the statement cycle.

Commercial Prestige Money Market Savings
Minimum Opening Deposit: $2500
Depositors who select our Commercial Prestige Money Market Savings Account may benefit from higher earnings and limited transaction activity. All business entities qualify for a Jefferson Bank Commercial Prestige Money Market Savings.

$2,500.00 minimum balance to avoid a monthly service charge of $15.00 A minimum daily collected balance of $2,500.00 is required to earn interest.
The interest rate we pay on this account increases as the account balance increases.
Interest rates are based on the following daily collected balances:

Tier 1 $2,500 to less than $24,999.99
Tier 2 $25,000 to less than $49,999.99
Tier 3 $50,000 to less than $99,999.99
Tier 4 $100,000 and up

Your interest rate and annual percentage yield may change at our discretion. We may change the interest rate on your account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example checks). We use the daily balance method to calculate the interest on your account. This method applies the daily periodic rate to the principal collected balance in the account each day. Interest is paid monthly

Federal Regulation limits you to six withdrawals or transfers from your money market account each monthly statement cycle by preauthorized, telephone or PC Transfer (including bill payment). No more than 3 of the 6 may be by check, debit card, or similar order to third parties. An excess withdrawal fee of $20 will be charged for each debit during a monthly statement cycle. Fees may reduce earnings.

*Additional features for all business accounts:
·Monthly imaged statements.
·24-hour telephone banking
·Online banking
·Commercial Debit Card for qualifying applicants
·Prestige Checking Account for each business owner (standard service charges waived).

Current Commercial Prestige Money Market Savings interest rates along with other deposit rates are located here.