Business Savings Account

• Minimum balance to open: $100.
• Rate information:
  • Interest rate and annual percentage yield may change.
  • Interest rates may change at any time.
  • Interest compounded every quarter and credited to your account quarterly.
  • If account closed before interest is credited, account will not receive accrued interest.
• Minimum balance to avoid imposition of fees: $100 any day of the cycle.
• Fees:
  • Monthly maintenance fee of $1.00 every statement cycle if balance falls below $100 any day of the cycle.
• Daily balance computation method used to calculate interest on account.
• Interest accrues on the business day noncash items (e.g., checks) deposited.
• Transaction limitations: transfers to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per quarter with no transfers by check, draft debit card or similar order to third parties.
  • Excess item fee of $2.00 charged for each item in excess of six per quarter.

Douglass National Bank Time Deposit (CDs)

If you have longer-term goals and do not need funds for a while, certificates of deposit (CDs) can earn a better interest rate than regular savings accounts.

All it takes is:

• As little as $500 to open.

Your business receives benefits including:

• Interest is calculated on a 365-day basis.
• Maturities start at 30 days.
• Rates vary with maturity.
• FDIC insured up to $100,000 per depositor.
• Automatic renewal is available.

There is a substantial penalty for early CD withdrawal.

CDARSSM

Douglass National Bank is one of a select group of banks nationwide that offers a new, innovative service for large deposit investors. Through the Certificate of Deposit Account Registry Services SM (CDARSSM), Douglass can now place large deposits into smaller denomination CDs at multiple institutions. Funds greater than $100,000 and up to $20 million are federally insured through this service.

This service provides several benefits for individuals and businesses, among them:

• the safety of FDIC insurance for large deposits (greater than $100,000 and up to $20 million;
• CD interest;
• management convenience — all through a single bank relationship; and
• the security of working with a trusted, local source.

There is a substantial penalty for early CD withdrawal.