A young couple meeting with a businesswoman

Business Savings

 
Money Market Checking is a great way to keep your savings close at hand. This account allows you to write up to 3 checks a month with unlimited withdrawal ability at the teller window. The monthly service charge of $14 is waived with a minimum balance of $5,000, a $15,000 average balance or a combined deposit relationship of $15,000 or over.
 
Features include:
  • Interest on qualifying balances
  • E-Statement Available
  • Mobile Banking
  • Internet Banking
  • Visa Debit Card Available
  • Monthly Image Statement
This account is great for individuals or businesses who would like to earn a higher rate on qualifying balances. You can write up to 3 checks a month and have unlimited withdrawal ability at the teller window. The rate of interest increases as your balance increases. The monthly service charge of $14.00 is waived with a minimum daily balance of $10,000, a $20,000 average daily balance or a combined deposit relationship of $15,000 or over.
 
Features include:
  • Interest on qualifying balances
  • E-Statement Available
  • Mobile Banking
  • Internet Banking
  • Visa Check Card Available
  • Monthly Image Statement
Classic Savings is a great way to put back extra cash and earn interest too. The $3.00 quarterly service fee is waived with a daily balance of at least $100 or a combined deposit relationship of $15,000 or more.
 
  • Earns interest
  • Up to six withdrawal allowed per quarter
  • Money is accessible at the ATM
  • E-Statement Available
  • Mobile Banking
  • Internet Banking
Bank of Cleveland offers competitive rates as well as experienced customer service representatives ready to assist you with any questions you may have. Interest can be paid in a variety of ways such as at maturity, a monthly check or automatically deposited into your checking account. Please contact us for current rates at (423) 478-8443.
Bank of Cleveland features a variety of IRA's to meet your needs. There is no minimum annual contribution amount and distribution can begin at 59-1/2. Please contact us for current rates at (423) 478-8443. 
 
 
 
 
 

Business Savings Comparison Chart

 
Account/Service Money Market Premium Money Market Classic Savings
Minimum Opening Deposit $100 $100 $100
Minimum Daily Balance to Avoid Service Charge $5,000 or $15,000 avg balance or combined deposit relationship $10,000 or $20,000 avg balance or combined deposit relationship of $15,000. $100
Monthly Service Charge* $14 $14 $3 per quarter
Restrictions Unlimited withdrawal ability at teller line. Write up to six checks per month Unlimited withdrawal ability at teller line. Write up to six checks per month Six withdrawals allowed per quarter.
Internet Banking yes yes yes
Bill Payment yes yes no
Telephone Banking yes yes yes
E-Statements Available yes yes yes
Mobile Banking yes yes yes
ATM/Debit Card yes yes yes
Interest on Qualifying Balances yes yes yes
*All monthly service charges can be waived with a $15,000 combined deposit relationship

Excessive Withdrawal Fees and Dormant Fees may apply.