Commercial Working Money Account

If you're looking for the ideal blend of growth and liquidity, a First National Bank Working Money Account is the answer. Give your business reserves a boost without taking risks or locking up your money in long-term investments. And whenever a business opportunity or expense arises, you're in a position to react immediately.

 

• No monthly maintenance fee
• Open with a $100 minimum deposit
• $5,000 minimum deposit required to earn interest at our current variable rate[link]
• Higher rates paid on balances of $25,000 and $50,000
• Interest will be credited each month on the last day of the monthly statement cycle
• Unlimited transfers
• No per-item fee for checks and debits

The following applies to all interest bearing accounts listed on this schedule of fees and services. The interest rate and Annual Percentage Yield (APY) are subject to change weekly.

• Balance Computation Method: We use the daily balance method to calculate the interest on your account. This method applies the daily periodic rate to the principal in the account on each day. Interest is paid (credited) and compounded monthly, except for Regular Savings which is paid (credited) and compounded quarterly.
• Accrual: Interest begins to accrue no later than the day we receive full credit for the deposit of non-cash items (for example checks)
• All interest bearing accounts are variable rate accounts. We may change the rate at our discretion.
• If you close your account before interest is credited, you will receive interest only if you notify us at the time of closing. If you do not tell us you are closing your account you will not receive your accrued interest.
• Effect of Fees: fees may reduce earnings.