Business Savings Account

Passbook Savings

  • No minimum balance required
  • No monthly on-going service charge (see transfer limit below)
  • Interest compounded daily, credited quarterly
  • Six (6) preauthorized transfers from account each statement cycle. Service charge of $2.50 per withdrawal on seven (7) or more withdrawals

Red River Investment

  • $1,000 minimum balance required
  • Interest compounded monthly, credited monthly
  • Six (6) preauthorized transfers from account each statement cycle. Service charge of $2.50 per withdrawal on seven (7) or more withdrawals
  • $8.00 service charge per statement cycle if balance falls below $1,000 any day during statement cycle

Business Money Market

  • $35,000 minimum balance required
  • Interest compounded monthly, credited monthly
  • Six (6) preauthorized transfers from account each statement cycle. Service charge of $2.50 per withdrawal on seven (7) or more withdrawals
  • $15.00 service charge per statement cycle if balance falls below $35,000 any day during statement cycle