Town North Bank

Put your money to work with a savings vehicle that is just right for your business.

	Business Statement Savings	Business Money Market Account	Certificates of Deposit (CDs)	Triple Bonus CD
Description	A basic account for businesses with less to invest	If you need access to the funds your company has to invest, you'll find our money market account to be very rewarding!	A CD is safe, secure investment for the funds you want to protect from market fluctuations. Term range from 14 days to 42 months.	Get bonus benefits with this exclusive Town North CD! 19- or 30-month terms.
Deposits and withdrawals	$100 minimum to open Two withdrawals allowed per month, with additional withdrawals $2.00 each. Transfers from this account to another account or to third parties by preauthorized, automatic, telephone or ATM transfer are limited to six per month.	$100 minimum to open Transfers from this account to another account or to third parties by preauthorized, automatic, telephone or ATM transfer are limited to six per month, with no more than three by check, draft, debit card, or similar order to third parties. Additional debits are $10 each.	Opening minimum varies from $1,000 for regular CDs, to $50,000 for mini-jumbo CDs, to $100,000 for jumbo CDs Withdrawals only permitted at maturity without substantial penalty	$5,000 minimum to open One additional deposit is allowed during the term of the CD Withdrawals only permitted at maturity without substantial penalty
Interest	Calculated daily, compounded and paid quarterly	Calculated daily, compounded and paid monthly Five tiers reward higher balances: $0.01 - $9,999 $10,000 - $49,999 $50,000 - $499,999 $500,000 - $999,999 $1,000,000 and above	Fixed-rate Calculated and compounded daily Payment options vary, including monthly, quarterly, semiannually, annually, or at maturity	Fixed-rate One rate increase is allowed during the term of the CD Calculated and compounded daily Payment options vary, including monthly, quarterly, semiannually, annually, or at maturity
Balance requirements and other fees	With a minimum daily balance of $300, we'll waive your $9 quarterly maintenance fee.	With an average daily balance of $5000, we'll waive your $15 monthly fee. First 50 items (credits, items deposited) processed per month at no charge, with additional items $0.25 each. OR, analyzed as a commercial checking account if used as depository account.