Business Savings and CDs Accounts

Business Savings and CDs Accounts

Are you looking for a savings account in the Grand Strand area? Sandhills Bank offers you a variety of checking accounts including online savings accounts to help you manage your daily transactions while enjoying convenient access. Helping you open a Sandhills Bank savings account that’s right for you is what makes us Your Big Bank Alternative,

 

Account Name  Business Savings
Your business can save for the future & earn competitive rates.
Elite Business Money Market
Enjoy premium interest rates on your tiered deposit balances.
Description A safe place to draw competitive rates while saving for the future Earn premium interest rates
Minimum Opening Deposit $150.00 $1,000.00
Balance Requirement To Avoid Fees $150.00 minimum daily balance $1,000.00 daily balance
Fees $6.00 monthly maintenance fee if balance falls below minimum daily requirement $12.00 monthly maintenance fee if balance falls below minimum daily requirement

$10.00 per withdrawal over limit of six per statement cycle1
Interest Earning Yes

Compounded daily and credited quarterly
Yes

Compounded daily and credited monthly
Interest Tiers Daily balances over $150.00 earn interest $1,000.00 to $9,999.99
$10,000.00 to $24,999.99
$25,000.00 to $99,999.99
$100,000.00 and greater
Transaction Limitations $4.00 per withdrawal after 1 per month (1)
eStatements Available Yes Yes
Free Online Banking with Bill Payment Yes Yes
Free Telephone Banking Yes No
Federal regulations limit the number of transactions in a statement cycle to six (6). These include third party transfers (checks, automatic drafts and debit card purchases, pre-authorized transfers and online or telephone transfers. Withdrawals in person or from an automated teller machine (ATM) and transfers for purposes of repaying a Sandhills Bank loan are unlimited. Repeated violation of this federal withdrawal limitation may result in a fee and the closure of the account or conversion of the account to a checking account.

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