From basic savings to retirement
plans, Pacific Western Bank’s savings and investment plans put
your company’s money to work for you.
Savings
Premier Money Market
Certificates of Deposit
Simplified Pension Plan
Defined Contribution Plan
BUSINESS
SAVINGS
Minimum
Opening Deposit
$100.00
Monthly
Fee
Minimum Daily Balance of
$300.00, No monthly charge. Otherwise, $3.00 per month.
Withdrawal per item over three per month, $7.00.
Transfers per item over six per month, $15.00.
Overdraft Transfer, $15.00.
Rate
Info
Interest
rates and Annual percentage yields are subject to daily change.
Method
of Computation & Payment of Interest
Daily balance method is
used to calculate the interest on your account and interest
is paid on the statement cycle date. Accounts closed during
a statement cycle shall earn no interest for that period.
Limitations
Limit
of 6 ACH, automatic or telephone transfers per month, then $15.00
per transfer.
PREMIER
MONEY MARKET-BUSINESS
Minimum
Opening Deposit
$25,000.00
Monthly
Fee
Average Monthly Balance
of $37,500.00 or Minimum Daily Balance of $15,000.00, no monthly charge,
Otherwise $20.00 Per Month.
Excessive withdrawals, over stated limit in cycle, $15.00 per
withdrawal.
Rate
Info
Interest
rates and Annual percentage yields are subject to daily change.
Method
of Computation & Payment of Interest
Daily balance method is
used to calculate the interest on your account and interest
is paid on the statement cycle date. Accounts closed during
a statement cycle shall earn no interest for that period.
Limitations
Not more than 6 pre-authorized or automatic transfers, checks, or drafts or a combination thereof, may be made during a statement cycle. Otherwise,
$15.00 per item.
