Checking & Savings | First Bank Upper Michigan

Checking & Savings

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Commercial 

(Available to Corporations, Limited Liability Companies, and Partnerships)

  • Commercial Checking - The account has no minimum balance requirement. Earnings credit may offset the $5 statement cycle fee. Item fees with withdrawals, deposits, and transit checks.

  • Commercial Interest-Bearing Checking– Requires a $500 opening deposit and credits interest monthly. If during any statement cycle the average daily balance falls below $500, your account will be subject to a $5 maintenance fee.

  • Business Liquid Gold - is a premium checking account earning interest on tiered balances over $1,500. Interest is credited monthly. If, during any statement cycle, the average daily balance falls below $1,500, your account will be subject to a $10 maintenance fee for basic checks.

  • Commercial Savings - credits interest monthly. If your balance falls below $50 on any day in the quarter or your average daily balance falls below $100 during any quarter, your account will be subject to a maintenance fee.**

  • Corporate Gold - is a tiered interest rate account and credits interest monthly. You must deposit $1,000 to open this account. If your average daily balance falls below $1,000 during any statement cycle, your account will be subject to a maintenance fee. Interest earning starts at $25,000.

  • Certificates of Deposit* - Funds are kept in this account until the maturity date. Automatically renewable Certificates mature at regular intervals. Terms are available from 7 days to 5 years. Interest rates vary according to the term of the Certificate and a minimum balance of $500 is required.***      

*Please refer to complete account disclosures for all fees, terms, and conditions. Information and disclosures available from First Bank Customer Service Representatives.

**Waived for students (under 21) and seniors (over 62).

***Penalties apply for early withdrawal; fees could reduce the earnings on this account.

Rates subject to change.

 

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