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Business Analysis Checking
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This account is designed for business customers who have a large number of transactions every month.
- Minimum Opening Deposit: $50.00
- FREE Visa Check Card
- FREE Online Banking
- Remote Deposit*
- Overdraft protection line of credit with no annual fee
- Service and maintenance fees are based upon activity level and may be offset or minimized by account balances.
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Ideal for businesses that write a limited number of checks and make a limited number of deposits each month.
- Minimum Opening Deposit: $50
- NO monthly maintenance fees with minimum daily collected balance of $1,000.00
- 250 FREE transactions per month (inlcudes checks, debits and items deposited)
- FREE Visa Check Card
- FREE Online Banking
- Remote Deposit*
- Overdraft protection line of credit with no annual fee
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Non-Profit Checking Account
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Available to Unincorporated not-for-profit.
- NO minimum balance requirement
- 100 FREE transactions per statement cycle
- FREE Visa Check Card
- FREE Online Banking
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Interest-Bearing Business Checking
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The right choice for sole proprietors or qualifying 501c non-profit organizations that want the convenience of a checking
account, coupled with a competitive rate of return.
- Minimum Opening Deposit $2,500
- Unlimited check writing and deposits
- NO monthly maintenance fees with minimum daily collected balance of $2,500.00
- FREE Visa Check Card
- FREE Online Banking
- Remote Deposit*
- Interest compounds and is credited to the account on a monthly basis.
Interest rate is determined by the average daily collected balance maintained in one of three deposit tiers.
(For details, please click on the “Current Rate” or “Rate” page.)
| Balance | Interest Rate |
| $0-$2,499.99 | Basic |
| $2,500.00-$11,999.99 | Standard |
| $12,000.00 and up | Premium |
* Higher balances may be required for free remote deposit
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Business Money Market Account
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The WashingtonFirst Business Money Market Account is a tiered savings account which rewards businesses
for maintaining higher balances in their savings accounts. Your earnings grow faster, but if you ever need to make
a withdrawal you have complete access to your funds - even by check.
- Earnings (interest rate) increases as the account balance increases
- NO monthly fees when average daily collected balances are $2,500 or more
- Up to six (6) pre-authorized transfers/withdrawals per statement cycle, three (3) of which can be by check**
- Interest rate is determined by the average daily collected balance maintained in one of four deposit tiers: (For details, please click on the “Current Rate” or “Rate” page.)
| Balance | Interest Rate |
| $0.01-$2,499.99 | Basic |
| $2,500.00-$24,999.99 | Regular |
| $25,000.00-$249,999.99 | Standard |
| $250,000.00 and up | Premium |
- Interest compounds and is credited to the account monthly.
- A $15.00 per check or automatic payment will be assessed for transactions that exceed these limitations.**
** Under Federal Regulations, transactions on Money Market accounts are limited to six pre-authorized transfers or
withdrawals per statement cycle, three of which can be made by check or automatic payment to third parties.
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Platinum Money Market Account
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- This is for new money only.
- Customers must have a direct deposit checking account.
- Minimum opening deposit varies depending on the interest rate tier requirement
(For details, please click on the “Current Rate” or “Rate” page).
- An interest-bearing account
- There is NO monthly maintenance fee on average daily balances of $2,500.00 and up. A $15.00 maintenance fee will be assessed on balances that fall below $2,500.00.
- Unlimited cash withdrawals in person
- Interest rate is determined by the average daily balance maintained in one of four deposit tiers:
(For details, please click on the “Current Rate” or “Rate” page).
- Interest compounds and is credited to the account monthly.
- Debit transactions limited to six per statement cycle, three of which may be third party checks and three transfers.
- Withdrawal fee: $15.00 for every withdrawal in excess of six per statement cycle or for any payment in excess of 3 per statement cycle.*
* Under Federal Regulations, transactions on Money Market accounts are limited to six pre-authorized transfers or withdrawals per statement cycle, three of which can be made by check or automatic payment to third parties.
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Business Certificates of Deposit
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- $1,000.00 minimum opening deposit
- Competitive interest rates
- FDIC coverage up to $100,000.00 per depositor
- Interest is calculated based on the account balance.
- For CDs of less than 180 days: interest is paid at maturity.
- For CDs of 180 days or more: interest is compounded quarterly.
- Regular Term CD*:
- 30-Day Certificates of Deposit
- 90-Day Certificates of Deposit
- 12-Month Certificates of Deposit
- 24-Month Certificates of Deposit
- 36-Month Certificates of Deposit
- 48-Month Certificates of Deposit
- 60-Month Certificates of Deposit
- Special: 12 Month No Penalty Certificates of Deposit
- One penalty-free withdrawal allowed after first 14 days.
- Jumbo CD rate of $100,000.00 or more, please contact branch for details.
* Please refer to terms and disclosure for detailed features and rules.
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