There will be no minimum balance required to earn interest starting on December 1, 2020. Your Business Checking account will earn 1.0% interest on deposits as small as $1.
Only balances up to and including $100,000 will earn 1.0% interest; deposits beyond this limit will not earn interest. Your checking agreement has been updated to reflect this change.
While we’re happy to support you by waiving the minimum balance, the current market conditions have made it necessary to impose limits on earning interest.