Business Checking & Savings Accounts

Baker Boyer offers four tiers of checking account and two savings account options for our business clients. A summary of features is listed below. If you'd prefer, you can download a comparison of accounts brochure below.

Business Account Comparison Brochure  

Checking Accounts

eSolutions*

• Opening Balance: $100
• Service Charge: No Monthly Service Charge. After three, 50¢ per check. $6 monthly fee for paper statements*
• Other Account Fees: No Baker Boyer imposed fee for debit card & ATM
  transactions.
• Interest: N/A

First Step Business

• Opening Balance: $100
• Service Charge: $12 monthly service charge, waived with a minimum daily balance of $2,500
• Other Account Fees: 50 cents per posted check (in excess of 25); 30 cents per deposited item (in excess of 50)
• Interest: N/A

Business Account Analysis**

• Opening Balance: $100
• Service Charge: monthly service charge based on account analysis, starting with $14 base monthly service charge
• Other Account Fees: See above
• Interest: N/A

Interest Business***

• Opening Balance: $5,000
• Service Charge: $15 monthly service charge, waived with a minimum daily balance of $5,000
• Other Account Fees: 50 cents per posted check (in excess of 25); 30 cents per deposited item (in excess of 50)
• Interest: Interest is earned daily and paid monthly on collected balance if greater than $5,000

Savings Accounts

Business Savings

• Opening Balance: $100
• Service Charge: $5 monthly service charge, waived with a minimum daily balance of $400
• Other Account Fees: No Baker Boyer-imposed fee for the ATM transactions.
• Interest: Interest is earned daily and paid quarterly on collected balance

Business Money Market Gold

• Opening Balance: $5,000
• Service Charge: $15 monthly service charge, waived with a minimum daily balance of $5,000
• Other Account Fees: No Baker Boyer-imposed fee for the ATM transactions.
• Interest: Interest is earned daily and paid monthly on collected balance. Rates are subject to change daily. Interest-based on current ledger balance tiers***

_{*eSolutions
There is a $6 monthly service fee for eSolutions customers who choose paper statements. There is no charge for electronic statements which are available through Online Banking.}

_{**Analyzed Account}

_{Earnings Credit—All funds collected in your business checking account earn a credit to help reduce eligible monthly service fees. This credit is derived by applying the earnings credit to your daily collected balance after deducting a 15% reserve requirement. The earnings credit rate is a variable rate that the Bank can change at any time. Uncollected Funds —If checking withdrawals are made faster than incoming checks are collected, you are, in effect, using bank funds. For this service, a fee is assessed for uncollected funds using the monthly average of the 90-day Treasury Bill rate plus 4%. This rate is subject to change on the last business day of each month. We'll debit your account or invoice you for the difference in any statement period where your fees exceed your earnings allowance.}

_{***We reserve the right to not pay accrued interest if account is closed prior to payment date.}

_{Interest Balance Tiers}

_{$0 to $24,999.99}

_{$25,000.00 to $49,999.99}

_{$50,000.00 to $99,999.99}

_{$100,000.00 to $249,999.99}

_{$250,000.00 and over}