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Gate City Bank

Business Checking & Savings Account Rates

Business Checking and Savings Rates

Effective Date: Friday, July 3, 2020

Business Checking and Savings Rates

Savings PlanAnnual Percentage YieldInterest RateMinimum Balance to Earn Interest and APYMinimum to Open
Non-Profit Interest Checking0.01%0.01%$0$50
Business Interest Checking0.01%0.01%$1,500$50
Business Savings0.02%0.02%$200$50
Business Relationship Savings0.02%0.02%$50 with a checking account$50

Business Money Market Savings Rates

Effective Date: Friday, July 3, 2020

Business Money Market Savings Rates

BalanceAnnual Percentage Yield*Interest Rate
$500.00** - $24,999.990.10%0.10%
$25,000.00 - $99,999.990.15%0.15%
$100,000.00 - $249,999.990.50%0.50%
$250,000.00 - $499,999.990.75%0.75%
$500,000.00 - $999,999.991.00%1.00%
$1,000,000.00 or more1.25%1.25%

*Annual Percentage Yield (APY) is variable and may change after the account is opened. If fees are applied, earnings may be reduced.

**$500 minimum balance required to earn the APY. $10 monthly fee if the balance falls below $500.

Business Analysis Checking Account

Effective Date: Friday, July 3, 2020

*The Earnings Credit is calculated on the Average Investable Balance. This earnings credit reduces the total activity and monthly charges for services.