| BUSINESS DEPOSIT ACCOUNTS |
| Account Type |
Minimum to open |
Minimum balance to obtain interest |
Annual Percentage Yield* |
Interest Rate |
| Business Platinum1,2 |
$50 |
$0-$24,999.99
Once $25,000 is reached:
$0-$499,999.99
$500,000+
|
0.05%
0.30%
0.20% |
0.05%
0.30%
0.20% |
| Non-Profit Checking1,3 |
$50 |
$1,000 - $2,499.99
$2,500+ |
0.050%
0.050% |
0.050%
0.050% |
| Statement Savings1,4 |
$50 |
$100 - $2,499.99
$2,500+ |
0.050%
0.100% |
0.050%
0.100% |
| Money Market Investor1,5 |
$2,500 |
$0 - $49,999.99
$50,000 - $99,999.99
$100,000 - $249,999.99
$250,000+ |
0.150%
0.170%
0.200%
0.250% |
0.145%
0.165%
0.195%
0.245% |
| Maximize Money Market7 |
$25,000 |
$0.00-$24,999.99
$25,000-$99,999.99
$100,000-$249,999.99
$250,000-$499,999.99
$500,000-$999,999.99
$1,000,000+
|
0.300%
4.00%
4.00%
4.000%
4.00%
4.00% |
0.300%
3.93%
3.93%
3.93%
3.93%
3.93% |
| Investment Sweep1 |
$0
|
$0 - $1,999,999
|
0.40% |
0.40% |
| |
|
$2,000,000 - $3,999,999 |
0.50% |
0.60% |
| |
|
$4,000,000+ |
0.50% |
0.50% |
View Important Information & Fees
Additional Information
1The interest rate and the Annual Percentage Yield may change on our variable accounts. At our discretion, we may change the interest rate on your account at any time. If applicable, service charges could reduce your earnings.Interest begins to accrue no later than the business day we receive credit for the deposit when you deposit noncash items (for example, checks). If you close your account before interest is credited, interest is paid to the date of withdrawal. We use the daily balance method to calculate the interest on your account. This method applies a periodic daily rate to the principal in the account each day, provided the minimum balance to earn the annual percentage yield and interest rate is maintained. If applicable, service charges may reduce your earnings. You may call 330.264.5767 or TOLL FREE 800.414.1103 to determine if these rates have changed, or check our website at mymainstreetbank.bank.
2Interest is compounded monthly and credited on the cycle date (monthly). Per item processing: 100 items monthly free; each additional item is $0.25. A monthly service charge of $15 when the balance falls below $15,000 any day of the statement cycle. Statement and check images sent monthly. An E-Statement is available for no charge. A paper statement is available for a $3 monthly service charge (see Business Account Disclosure and Fee Schedule for details). Limited to one account per Employer Identification Number (EIN).
3Interest is compounded monthly and credited on the cycle date (monthly). Per item processing: 100 items monthly free; each additional item is $0.15. Statements and checks sent monthly.
4Interest is compounded quarterly and credited on the cycle date (quarterly). Transaction restrictions apply (see Business Account Disclosure and Fee Schedule for details). You will get a monthly account statement (unless there are no electronic transactions in a particular month. In any case you will get the statement at least quarterly).
5Interest is compounded monthly and credited on the cycle date (monthly). Combined total of checks written and electronic transactions may not exceed six (6) during that same cycle period (see Business Account Disclosure and Fee Schedule for details). Statements sent monthly with check images (12 images per page) at no charge. A monthly service charge of $10 when the balance falls below $2,500 any day of the statement cycle.
7No service charge, unless the balance falls below $25,000.00 any time during the month, then a $15 monthly service charge applies.