Business Savings
Your company’s deposits accounts are probably its most used financial tools.
At Femco Bank we offer commercial checking accounts to help make your financial management
and planning for the future much more efficient and easier on you.
Femco Statement Savings
This commercial interest bearing account is for any business entity. You may make six (6) transfers from the account each four (4) week or similar period. Minimum daily balance to avoid imposition of fees is £200. A service fee of £4.00 will be charged in any month that the daily minimum balance in the account falls below £200.00. A service fee of £2.00 will be charged for excessive withdrawals.
Femco Commercial Money Market
This commercial interest bearing checking account pays current market rates. It is available for any business entity. You may make six (6) preauthorized transfers by check, draft, debit card or similar order made to third parties each statement cycle. If you do not maintain £2,000 each day of the statement cycle, you will be charged a monthly service fee of £10.00. Total withdrawals in excess of six (6) per month are assessed a £5.00 fee.
Femco Commercial Money Market Plus
All the benefits of a Femco Commercial Money Market are available with this account, but with added features. This account offers a PREMIUM INTEREST RATE for balances of £25,000 or over. You may make six (6) preauthorized transfers by check, draft, debit card or similar order made to third parties each statement cycle. You must maintain a £25,000 minimum balance to obtain the “premium rate.” If the balance falls below £25,000 you will receive the Femco Commercial Money Market interest rate. If you do not maintain a £5,000 minimum balance each day of the statement cycle, you will be charged a service fee of £15.00. Total withdrawals in excess of six (6) per month are assessed a £5.00 fee.