On Saturday November 17th, Salem Co-operative Bank's Online Banking, Telephone Banking and ATM/Debit Card processing will be in "Offline" mode from approximately 8:00 P.M. until 2:00 A.M. on Sunday November 18th.
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Business Deposit Rates & Fees

Check out today's Business Deposit Rates & Fees.

Business Deposit Interest Rates 1

Rates Are Subject to Change Without Notice

View our business deposit rates
BUSINESS DEPOSIT 
ACCOUNT RATES


As of June 25, 2018
INTEREST RATE
ANNUAL
PERCENTAGE
YIELD (APY)
MINIMUM
BALANCE
TO OPEN
MINIMUM DAILY
BALANCE TO
OBTAIN APY
Corporate Checking Account 2
Earnings Credit Rate
.25 per $100
N/A
$10
N/A
Business Checking Account
N/A
N/A
$10
N/A
Business NOW Account
.10%
.10%
$10
$0
Communities' Best 
Checking *

For qualified non profit
organizations
.10%
.10%
$10
$25
Money Market Account
.10%
.15%
.30%
.40%
.75%
1.00%
.10%
.15%
.30%
.40%
.75%
1.00%
$10
$0 
$10,000 
$25,000
$50,000
$100,000
$250,000
IOLTA Account
1.24%
1.25%
$100
$100

Business Fees 3

View our business fee schedule
ITEM
COST
Check Printing
Cost Varies 4
Personal Money Order
$3.00
Treasurer's Check
$5.00
Certified Check
$15.00
Temporary Checks
$3.00 for ten
Remote Capture Services
Fee Varies4
Deposited check or other item returned unpaid
$12.00
ATM/debit card replacement fee
$5.00
International fee - debit card
.2%
Continuous Overdraft Fee after 5 days
$3.00 per day
Insufficient funds including ACH preauthorized withdrawals 

Overdraft fee may be imposed for transactions by check, in-person withdrawals, ATM/Debit withdrawals or by any electronic means
$25.00
Account Research
$20.00/hour
Stop Payment
$25.00
Account closed within six months of opening
$5.00
IRA trustee transfer
$25.00
Notice of levy or other legal process
$50.00
Photocopies
$0.50/page
Excess debit transfer withdrawal fee
$10.00
Lost Passbook or Certificate
$15.00
Foreign item collection fee
             Domestic Outgoing
             Foreign Outgoing
 
$15.00
$25.00
Safe Deposit
             3 x 5
             3 x 10
             5 x 10 
             10 x 10
             Lost key 
             Drilling charge
 
$40.00 
$60.00
$80.00
$100.00
$20.00
$125.00
Wire Transfer 
             Domestic Incoming 
             Domestic Outgoing 
             Foreign Incoming 
             Foreign Outgoing
 
$5.00
$15.00
$5.00
$50.00

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