Business Savings
- Minimum $50 to open
- Nine (9) free transactions per quarter
- A fee of $1 will be charged for each withdrawal over nine
- OD Protection sweep for a charge of $2 per transfer
- No interest paid if balance is under $50
- Interest credited monthly
- Ask for current competitive interest rate information
Sherwood Business Money Market
- Minimum $1000 to open
- Six (6) transactions per month
- No monthly fee as long as daily balance is $1000 or greater each day of the month ($5 monthly fee if below $1000)
- Interest credited monthly
- Tiered rate structure
- Ask for current competitive interest rate information
See required documentation for opening a new business account.