With a North Star Bank business savings account, you will enjoy all of the following benefits:
| Account Type | Regular Business Savings | Business Money Market Savings | Business Five Star Money Market Savings |
|---|---|---|---|
| Description | Interest bearing savings account with liquidity | Savings with competitive interest rates and liquidity for larger account balances | Savings that offers higher earning potential with monthly compounding plus liquidity for larger account balances |
| Minimum Opening Depost | $100.00 | $1,000.00 | $5,000.00 |
| Minimum Balance Required | $100.00 | $1,000.00 | $5,000.00 |
| Monthly Service Fee | $3.00 if daily balance falls below $100.00 any day of the month. | $10.00 if daily balance falls below $1,000.00 any day of the month. | $15.00 if daily balance falls below $5,000.00 any day of the month. |
| Interest | Interest accrues daily on collected balances of $50.00 or more, compounded quarterly, and credited quarterly. | Variable interest rates. Interest accrues daily on collected balance, compounded quarterly, and credited quarterly. Rates are tiered to give higher rates for higher balances. | Variable interest rates. Interest accrues daily on collected balance, compounded monthly, and credited monthly. Rates are tiered to give higher rates for higher balances. |