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Business Savings & Certificates of Deposit

  • Minimum $2,500 deposit is required to open the account.
  • Minimum daily balance requirement of $2,500 in order to earn interest.
  • Minimum average daily balance per statement cycle of $2,500 is required to avoid $10 service charge per statement cycle.
  • Transactions are limited to 6 debits per statement cycle.**
  • Withdrawals or transfers in excess of six (6) per statement cycle will be assessed a $25 excessive transaction fee per transaction.
  • Unlimited in-person withdrawals.

  • Minimum $100 deposit is required to open the account.
  • Minimum daily balance requirement of $500 in order to earn interest.
  • Minimum average daily balance per statement cycle of $500 is required to avoid a $10 service charge per quarterly statement cycle.
  • Transactions are limited to six (6) debits per month.**
  • Withdrawals or transfers in excess of six (6) per month will be assessed a $5 excessive transaction fee per transaction.
  • Unlimited in-person withdrawals.

Bank of George also offers a wide range of certificate of deposits in varying dollar amounts and maturities.  Please contact a Bank of George representative for more detailed product and rate information.

*Items include debits, credits and deposited items

**Transaction limitations are limited to six (6) withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card, or similar order to a third party.

 

Important information about procedures for opening a new account:

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institution to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver's license and other identifying documents.