Metro Business Savings Account
- $100 minimum deposit required to open
- No minimum balance to earn interest
- Limit six (6) debit transactions per month*
- Free Commercial Online Access
- Statements mailed quarterly
- Interest accrued daily, credited monthly and paid on the collected balance**
*Transaction Limitations: Transfers from a Metro Business Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per calendar month with no more than three by check, draft, debit card, or similar order to third parties.
A transaction fee of $2.00 will be charged for each withdrawal in excess of six during a calendar month.
Daily Balance Computation Method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principle in the account each day.
Accrual of Interest on Non-Cash Deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
Effect of Closing an Account: If you close your account before interest is credited, you will not receive the accrued interest. Interest rate and annual percentage yield may change at any time.
