Business Savings/Investments

Business Prime Account

A competitive rate of interest is earned on your average daily balance as follows:

EFFECTIVE JUNE 15, 2017

TIER 1- Balances $34,999.99 or less will be paid .10% with an annual percentage yield of .10%
TIER 2- Balances $35,000.00 and greater will be paid 20% of New York Prime for the portion of your average balance that is $35,000 or greater.  Currently (as of  7/15/2017) the interest rate is .85%.  The annual percentage yield for this tier will range from .10% to .853% depending on the balance in the account.  The portion of the balance below $35,000 will earn interest at the tier 1 rate.

Prime Interest is compounded monthly and will be paid on the account every month.

Transactions and Fees:

Six debit transactions per statement cycle
Unlimited transactions in person
$10.00 per item charge for additional transfers and checks.

Balance and Deposit Requirements:

A $10.00 service charge if your average daily balance falls below $1000.00.
A minimum initial deposit of $2500.00 to establish relationship.

XBA Financial ServicesGadsden Mortgage Services
Regular Office Hours: 256.547.2572 | Exchange Info Line 256.570.0999
Member FDIC Equal Housing Lender SBA Preferred Lender ©2015 Exchange Bank of Alabama™. All rights reserved.