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Checking Accounts
Regular Checking
Borel's Regular Checking account offers unlimited check
writing ability and a lower minimum balance requirement
than our interest checking.
| Minimum
Opening Deposit: |
$500 |
Fees:
to avoid monthly service
charges maintain |
- A minimum balance of $1,000 in this account,
or
- A minimum balance of $10,000 in related accounts*
|
If account balances do not meet minimums
indicated, a flat $10 monthly charge is assessed.
Interest Checking
You can earn interest on the funds in your checking
account and have unlimited check writing abilities with
our Interest Checking account.
| Minimum
Opening Deposit: |
$2,500 |
Fees:
to avoid monthly service
charges maintain |
- A minimum balance of $2,000 in this account,
or
- An average balance of $3,000, or
A minimum balance of $10,000 in related accounts*
|
If account balances do not meet minimums
indicated, a flat $ 10 monthly charge is assessed.
Questions about our Checking Accounts? Contact
Us
* A related account is any account with
the same ownership.
Savings Account
With our Savings Account, the funds are available when
you need them. At Borel, interest (determined by prevalent
market conditions) is earned from the day of deposit
to the date of withdrawal and paid at monthly intervals.
| Minimum Opening Deposit: |
$500 |
| Childrens Minimum Opening
Deposit: |
$25 |
| Fees: |
No Monthly Fees
|
Please note: transactions to Borel Private Bank &
Trust Company are limited to three per statement cycle
by means of a preauthorized, automatic or telephone
or other electronic transfer. Withdrawals in excess
of those permits will result in a transaction charge
of $1.00 per transaction and may result in your account
being closed.
Questions about our Savings Accounts? Contact
Us
Tiered Money Market Account
Borel offers competitive rates on tiered Money Market
Accounts for both personal and business accounts. This
easy access account offers limited check writing privileges
and a perfect way to maximize earnings while maintaining
liquidity.
| Minimum
Opening Deposit: |
$2,500 |
| Fees: |
To avoid monthly service charges
maintain an average balance of $2,500 |
| Tiers: |
- Up to $100,000
- $100,000 to $250,000
- $250,000 to $1 Million
- Over $1 Million
|
Should the average monthly balance fall below $2,500,
a flat $10 monthly charge is assessed.
Regulations limit accessibility to this account to
a maximum of six transfers per month, of which only
three may be by check.
Questions about our Savings Accounts? Contact
Us
Certificates of Deposit
We offer CDs with terms to accommodate your individual
needs. Rates vary according to the term selected and
are based on current market conditions. The rates are
reviewed daily, but are fixed on the day of deposit
for the entire term. Ask us about our "Six Month
Special" offer in May and November.
Minimum
Opening Deposit:
For "Six Month Special" |
$2,500
$25,000
|
| Terms: |
As short as 32 days and up to 2 years
|
| Penalties: |
CDs redeemed prior to maturity are
subject to substantial penalties. The penalty assessed
depends on the term of the CD and the date of redemption
and may result in a reduction of the principal sum
of the account affected. |
Questions about our Savings Accounts? Contact
Us
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