Business Savings
- Minimum Opening Deposit $100
- Minimum daily balance of $500 or Combined Business & Personal average balances of $25,000 required per statement cycle to avoid a $10 monthly charge (combined balances include DDA, Savings, MMA, CDs, IRAs with same CIF)
- Three (3) withdrawals / transfers allowed per statement cycle
- Free Electronic Statements
- 24 Hour Telephone Banking Service
- Free Online Banking and Transfer Service
- Free Direct Deposit and ACH Transactions
- Compatible with Quicken, Quickbooks & MS Money
- May be Linked to a Progress Bank Checking Account to for Overdraft Protection
Business Money Market Savings
Earn higher interest on higher balances with limited activity.*
- Minimum Opening Deposit $100
- Minimum daily balance of $2,000 or average monthly balance of $5,000 or combined personal and business average monthly balance of $50,000 to avoid $15 charge
- Interest accrues daily and is paid monthly based on daily collected balance tiers
- A total of six (6) withdrawals, transfers or payments to third parties allowed per statement
cycle without charge*
- Unlimited Withdrawals allowed without charge if made in person or at an ATM*
- Free Electronic Statements
- Free Progress Bank ATM/CheckCard with Reward Points
- Free 24 Hour Telephone Banking Service
- Free Online Banking & Bill Payment Service
- Free Direct Deposit & ACH Transactions
- Compatible with Quicken, Quickbooks & MS Money
- May be Linked to a Progress Bank Checking Account to Provide Overdraft Protection
*Progress Bank policy limits Savings Account withdrawals or transfers, regardless of how initiated, to three per statement cycle. A charge will be assessed for each item in excess of the number allowed by bank policy. If these restrictions are exceeded more than three times during a 12 month period, the account is subject to being closed and funds transferred into a checking account. Bill Payment is not available for savings accounts.
Subject to Regulation D Transaction Limitations: Transfers from a Money Market Account to another account or to third parties by preauthorized, automatic, telephone, computer transfers, draft, check, debit card or similar order to third parties are limited to six per statement cycle for Money Market Account. The preauthorized or automatic transactions may be initiated by telephone banking, PC banking, internet banking or standing order. Limit does not apply to in-person withdrawals, withdrawals by mail or messenger or withdrawals at an ATM. A change will be assessed for each preauthorized transfer, draft or debit card transactions in excess of six per statement cycle. If these restrictions are exceeded more than three times during a 12 month period, the account is subject to being closed and funds transferred into a checking account. Bill Payment is not available for money market accounts.
Foreign currency exchange charges at customer's expense.