This is the best account for a high-transaction business. It builds up credits to offset fees from activity and maintenance. We've found that a typical business that maintains a balance of about $15,000 generates enough credits to avoid most, if not all, activity fees. Actual results vary depending upon balance and activity. There is NO minimum balance requirement, which means the account may dip to nearly $0 during the monthly cycle without incurring a fee.
The earnings credit is calculated at 1% (annual rate) of the average monthly collected balance. The credit is used to offset maintenance and per-item fees and applies only to the month it is earned. Excess credits are not carried forward.
If you would like a business account that earns interest, check out our "Business Interest" account.