Savings Accounts Options
Learn about our business savings options below. If you don't see what you're looking for on this list, or if you have additional questions, just give us a call at 540-591-5000 or stop by one of our convenient locations. One of our dedicated employees will be happy to assist you over the phone or in person.
Business Savings
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This is a great account for setting money aside for a special purpose or keeping savings separate from other funds.
Features
- No average balance requirement.
- No monthly service charges.
- Interest is paid on balances of $100.00 and above.
- Unlimited teller-line withdrawals and ATM withdrawals are permitted.
- Bank of Botetourt will no longer limit the number of pre-authorized* transfers or withdrawals that may be completed from your savings account. Additionally, there will no longer be a Service Charge imposed when more than six pre-authorized transactions are completed in a calendar month.
- Check today's Savings Rates
* Pre-authorized transfers include the following types of transactions: Telephone transfers, internet transactions such as Bill Pay and PayPal, overdraft protection transfers, and automatic transfers.
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Business Money Market
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This is a great account for those with limited transaction activity who want to earn higher interest rates. Tiered interest rates allow you to earn competitive rates on different account balances.
Features
- An opening deposit of $2,500 is required.
- A minimum average balance of $2,500 must be maintained to avoid being charged monthly maintenance fees of $15.00 per month.
- Bank of Botetourt will no longer limit the number of pre-authorized** transfers or withdrawals that may be completed from your Money Market account. Additionally, there will no longer be a Service Charge imposed when more than six pre-authorized transactions are completed in a calendar month.
- Check today's Savings Rates
**For Money Market Accounts, Pre-authorized transfers include the following types of transactions: The transfer or withdrawal of funds by telephone, by wire or PC, the use of overdraft protection, automatic payments, or checks.
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Additional service fees may be applicable to these accounts. Please refer to the bank's Commercial Schedule of Fees brochure for more information.
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