West Shore Bank - Business Savings

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Put your cash to work with a business savings account from West Shore Bank. You’ll get easy access to your funds while earning competitive interest. Our customer relationship managers can help you choose a savings strategy that makes the most sense for your situation.

	E-Z Business Statement Savings
	E-Z Business Money Market Savings
	Insured Municipal Savings
	Insured Cash Management Savings
	Business CDs

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

E-Z Business Statement Savings
Organizations that expect to maintain a modest balance and want the flexibility of unlimited withdrawals and deposits like the simplicity of our E-Z Business Statement Savings account. Interest is paid and compounded quarterly.

$25 minimum to open
No quarterly service charge
Permits six preauthorized or telephone transfers per statement cycle

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E-Z Business Money Market Savings
Our E-Z Business Money Market Savings combines the earnings of a savings account with limited check writing privileges. Suitable for any business, it pays tiered interest rates that rise with your account balance.

$100 minimum to open
$12 monthly service charge
Service charge waived if you maintain a daily balance of at least $1,000
Pays tiered interest on your entire balance (you’ll earn the highest rate you’re eligible for on every dollar in the account)
Rates rise at $5,000
Permits six preauthorized electronic debits per statement cycle, three of which may be checks

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Insured Municipal Savings
Designed specifically for local units of government, Insured Municipal Savings pays competitive interest and provides daily liquidity while ensuring that taxpayer funds on deposit are reinvested locally for the benefit of area communities.

No minimum balance required
No monthly service charge
Permits six preauthorized or telephone transfers per statement cycle
Monthly service charge on primary checking waived for account holders

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Insured Cash Management Savings
Corporations that expect to maintain larger balances can benefit from Insured Cash Management Savings, which pays an investment rate of return if you keep at least $50,000 in the account.

Requires $50,000 minimum balance to earn interest
No monthly service charge
Permits six preauthorized or telephone transfers per statement cycle
Monthly service charge on primary checking waived for account holders

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Business CDs
Certificates of deposit are a safe, conservative place to invest money your business may need relatively soon, but not immediately. Your principal is insured and your interest rate is guaranteed, so you know up front exactly how much you’ll earn. Terms range from 14 days to 48 months. West Shore Bank offers a variety of interest payment options and can customize a CD to meet your business needs.

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Member FDIC