| Accounts | Commercial Savings Great Way to Build Your Savings Balance |
Business Money Market Enhanced Value so Your Money Works for You |
|---|---|---|
| Minimum to Open | $50 | $1,000 |
| Monthly Service Charge* | None | None |
| Minimum Balance Required* | None | None |
| Interest Bearing1 | Yes – Competitive tiered rate of interest earned on daily balances of $200 and above. | Yes - Premier tiered rate of interest earned on daily balances of $1,000 and above. |
| Monthly Transaction Fees | None | None |
| Free Online & Mobile Banking | Yes | Yes |
| Free eStatements | Yes | Yes |
| Voice-24 Phone Banking | Yes | Yes |
| Additional Features | Interest compounded quarterly.1 | Interest compounded monthly.1 |
IOLTA Account (Interest on Lawyer's Trust Account)
This account is offered to attorneys or law firms for funds that are nominal in amount for a short period of time. Interest earned (minus applicable fees) will be remitted to the Louisiana Bar Foundation. Please contact a relationship banker for detailed product information.
Non-Profit Organization Account
Available for qualified 501(c) (3) organizations. Approval required. Please contact a relationship banker for detailed product information.
Read more about Resource Bank's involvement with Non-Profit Organizations.
*Additional fees may apply depending on services used and transaction completed; federal guidelines apply; overdraft/returned item fees may apply. 1 Rates and annual percentage yield may change after account opening. Daily Balance = amount of principal in the account each day. Daily Balance Method – applies a periodic rate to the collect principal balances in the account each day. Savings accounts compound quarterly. Money Market accounts compound monthly.
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