First Bank of San Luis Obispo
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Business Money Market

A business savings plan with competitive interest rates and limited check writing.

The Account Offers You:

  • Up to 3 checks per month*
  • Unlimited lobby transactions*
  • Higher Interest Earned on Balances $5,000 and over **

Fees

  • No monthly maintenance fee with a minimum daily balance of $5,000 or more
  • The fee is waived if 501(c)(3) documentation is provided.)

Disclosures
* Federal Regulation D limits checks and telephone, online, overdraft, and pre-authorized transfers (including automatic and wire transfers) to six per statement period, with a maximum of three withdrawals by check, draft, debit card or similar instrument to a 3rd party.

** Money Market accounts with minimum daily balances of $5,000 and over earn the Business Money Market rate. Balances under $5,000 earn the Business Interest Checking rate. Accounts that exceed transaction limitations described above earn no interest for the remainder of the statement cycle, but non-profits and sole proprietors earn the Business Interest Checking rate.

Terms subject to change. Minimum deposit to open is $50. Fees may reduce earnings.