Checking / Savings - Reliance Bank

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Business Checking & Savings

Whether your business has been around for awhile or just starting out, Reliance Bank wants to partner with you! We have accounts to meet your needs and to help your business grow. Our hard working and dedicated Bankers can help with every situation. Give us a call today!

Business Checking

Reliance Small Business	Reliance Business	Reliance Community Service
Minimum to open $1.00	Minimum to open $1.00	Minimum to open $1.00
Minimum balance required $1.00	Minimum balance required $1.00	Minimum balance required $1.00
No interest earned	No interest earned	Interest paid monthly on balance over $1,000
No monthly fees up to stated minimums	Monthly fees $15.00 Maintenance $0.40 per deposit $0.04 on us deposit $0.06 local deposit $0.12 per check written/debit	No monthly fees
Write up to 200 checks/month and deposit up to 100 items/month FREE	All per item costs are offset with available earnings credit	No per item charges
Free VISA debit card and Free Online Banking for all accounts. Interest is calculated on the daily balance. Interest is paid monthly on checking accounts. The interest rates are variable and subject to change.

Business Savings

Reliance Business	Reliance Money Market
Minimum to open $100	Minimum to open $5,000
Minimum balance required $100 to avoid quarterly charges	Minimum balance required $5,000 to avoid quarterly charges
Interest paid quarterly	Tiered interest paid quarterly
$10 minimum balance fee charged quarterly if balance falls below $100	$10 minimum balance fee charged quarterly if balance falls below $5,000
An unlimited amount of deposits are allowed each month	An unlimited amount of deposits are allowed each month
Interest is calculated on the daily balance. Interest is paid quarterly on savings accounts. The interest rates are variable and subject to change.

Certificates of Deposit

Placing your funds into a Certificate of Deposit is one of the best ways to let your money earn a competitive interest rate. We offer a variety of terms from 90 days to 60 months. Reliance Bank offers Business CDs and both Traditional and Roth SEP IRA’s. IRA Certificates of Deposit require a minimum opening deposit of $1000, all other CDs have a $500 minimum opening deposit.

Account management quick and easy!

Reliance Bank offers a number of Treasury Management services to help manage your business accounts. Click here to learn more.

SCHEDULED MAINTENANCE

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