Business Checking

Small, medium or large businesses will find a checking account or loan product that will fit their needs. As a locally owned and managed community bank, First Citrus realizes the importance of assisting businesses in our area to grow and prosper. All checking accounts come with the added benefit of imaged statements.

Small Business Checking

The First Citrus Small Business Checking Account is designed for the small to medium sized business with low transaction volume. The minimum to open this account is $1,000.

• With a minimum daily balance of $1,000 OR an average monthly balance of $2,500 or more...no maintenance fee
• $14.00 maintenance fee, if applicable
• Activity limited to 100 combined items paid or deposited per statement cycle
• Each item over the 100 limit will be assessed $.25 each regardless of balance

Business Interest Checking

The First Citrus Business Interest Checking Account is available to sole proprietors, non-profit organizations, and governmental units.

• Minimum opening deposit $1,000
• With a minimum daily balance of $2,000 or more...no maintenance fee
• $14.00 maintenance fee, if applicable
• No per item charges

Rate Information:

This is an interest bearing account. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue no later than the business day we receive the credit for the deposit of non-cash items. Interest will be compounded daily, and credited to the account monthly.

Balance Information:

We will use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. The customer must maintain a minimum daily collected balance of $2,000 to obtain the disclosed annual percentage yield. No interest will be earned in days that your balance falls below $2,000.

Commercial Checking

First Citrus Bank offers the business customer the ability to offset service charges with an earnings credit on deposited funds. The earnings credit is applied to charges and can significantly reduce the amount of service fees incurred.

Earnings Credit:

An earnings credit will be calculated based upon the average collected balance less the reserve requirement.

Business Savings

With an opening deposit of $500, businesses earn interest on their savings at a competitive rate.

• With a minimum daily balance of $500...no maintenance fee
• $3.00 maintenance fee, if applicable
• 2 withdrawals per month are allowed at no charge
• Additional withdrawals are $2.00 each

Rate Information:

This is an interest bearing account. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue no later than the business day we receive the credit for the deposit of non-cash items. Interest will be compounded daily, and credited to the account monthly.

Balance Information:

We will use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. The customer must maintain a minimum daily collected balance of $500 to obtain the disclosed annual percentage yield.

Business Money Market

Enjoy high interest rates and immediate access to your funds with our tiered Business Money Market Account. This flexible investment plan offers a variety of special advantages. A minimum of $2,500 will open the account.

• With a minimum daily balance of $2,500...no maintenance fee
• $10.00 maintenance fee, if applicable
• Detailed monthly statements

Rate Information:

This is an interest bearing account. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue no later than the business day we receive the credit for the deposit of non-cash items. Interest will be compounded daily, and credited to the account monthly. The interest rate tiers are as follows:

Balance Information:

We will use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. The customer must maintain a minimum daily collected balance of $2,500 to obtain the disclosed annual percentage yield.

Limitations:

A customer must deposit $2,500 to open this account. Federal regulations limit third party transactions on this type of account. A customer may make up to six transfers from this account per monthly statement cycle, but only three may be payments by check to a third party. Additional withdrawals or checks drawn on this account are $5.00 each.