| 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
|
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. | ||
| 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. | |
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 180 days to 42 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.
Reliance Bank offers a number of Treasury Management services to help manage your business accounts. Click here to learn more.
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