Business Savings

Solera National Bank offers twp interest-bearing savings accounts for businesses.

Business Savings

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Product Business Savings
Description Keeps your savings safe and pays interest on those excess funds.
Minimum Deposit to Open Account $100.00
Minimum Balance to Avoid Service Charge $100.00
Quarterly Service Charge $5.00 quarterly service charge
Other Account Provisions
  • Deposit up to 20 items per month at no charge. A $0.15 charge is assessed for each deposited item in excess of 20.
  • Each withdrawal/transfer in excess of six per calendar month will be assessed a $10.00 charge.
How Interest is Paid Quarterly*
ATM Card Free ATM Card
Overdraft Protection Not Applicable
Additional Features
  • Withdrawals and transfers to another account you own at our bank or to third parties by preauthorized, automatic, or telephone transfer, check, draft, debit card, or similar order to third parties, are limited to six per month. You may make unlimited withdrawals in person, by mail, by messenger, or by ATM.
  • Dormant/inactive service charge of $15.00 per quarter is applied to accounts with a balance of $100.00 or less and no activity for 6 consecutive months.

*Interest, which accrues on the daily balance, is paid as a credit to your account balance on the quarterly statement cycle date. The quarterly statement cycle dates are the last business days of March, June, September, and December. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins accruing on the business day you deposit non-cash items (for example, checks). If you close your account before interest is credited you will not receive the accrued interest.

Business Money Market Account

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Product Business Money Market Account
Description A secure account that gives you ready access to your funds. Interest rates are tiered, so the higher your balance, the higher your interest rate.
Minimum Deposit to Open Account $1,000.00
Minimum Balance to Avoid Service Charge $1,000.00
Monthly Service Charge $10.00
Other Account Provisions
  • Deposit up to 20 items per month at no charge. A $0.15 charge is assessed for each deposited item in excess of 20.
  • Each withdrawal/transfer in excess of six per calendar month will be assessed a $10.00 charge.
How Interest is Paid Monthly
ATM Card Free ATM Card
Overdraft Protection No
Additional Features
  • Withdrawals and transfers to another account you own at our bank or to third parties by preauthorized, automatic, or telephone transfer, check, draft, debit card, or similar order to third parties, are limited to six per statement cycle. You may make unlimited withdrawals in person, by mail, by messenger, or by ATM.
  • Dormant/inactive service charge of $15.00 per month is applied to accounts with a balance of $100.00 or less and no activity for 6 consecutive months.

**The daily balance method is used to calculate the interest on your account: Interest begins to accrue on the business day you deposit non-cash items (for example, checks). If you close your account before interest is credited, you will not receive the accrued interest. Ask your service representative about current interest rates and tiers.

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