Waterman State Bank Small Business Checking.

$30 fee will be assessed if account is closed on or before 90 days after new account opening.
*APY=Annual Percentage Yield. APYs accurate as of 03/29/2013. Rates may change after account is opened. Minimum to open is $50 for WSB Rewards Checking and $50 for WSB Rewards Savings. For WSB Rewards Checking, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed and credited to account on the last day of monthly statement cycle; (2) balances up to $50,000 receive APY of 1.00%; and (3) balances over $50,000 earn 0.50% interest rate on the portion of the balance over $50,000, resulting in 1.00% – 0.67% APY depending on the balance. If qualifications are not met on WSB Rewards Checking all balances earn 0.05% APY. Qualifying transactions must post to and settle WSB Rewards Checking account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM transactions do not count towards qualifying debit card transactions. “Monthly Qualification Cycle” means a period beginning one banking day after the current statement cycle through the close of the statement cycle. The advertised WSB Rewards Checking APY is based on compounding interest. Interest earned in WSB Rewards Checking is automatically transferred to WSB Rewards Savings each statement cycle and does not compound. Actual interest amount paid may be less than advertised WSB Rewards Checking APY. The WSB Rewards Savings APY may be less than WSB Rewards Checking APY. If qualifications in WSB Rewards Checking are met each monthly qualification cycle: (1) balances up to $10,000 in WSB Rewards Savings receive an APY of 0.75%; and (2) balances over $10,000 in WSB Rewards Savings earn 0.50% interest rate on portion of balance over $10,000, resulting in 0.75% – 0.57% APY depending on the balance. If qualifications are not met on WSB Rewards Checking, all balances in WSB Rewards Savings earn 0.05% APY. Transfers between accounts do not count as qualifying transactions. If you have met your qualifications for the statement cycle, we will reimburse you for domestic ATM fees. ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction. ATM fees of $5.00 or higher will be reimbursed if the appropriate ATM receipt is presented to a representative at our branch. If you believe that you have not been reimbursed the correct amount, please contact us. We must hear from you no later than 30 days after the statement cycle where the reimbursement was applicable.