SAVINGS
South Louisiana Business Bank offers a variety of savings programs. You may open a traditional retail savings account that we call the Savings Plus Account. The minimum opening balance is $300.00. You may withdraw funds six times per quarter with a $2.00 charge for each time you withdraw over the six allotted. If your balance drops below $300.00, there is a $5.00 charge per quarter. You may choose a paper statement or obtain your statement in an “estatement” format.
South Louisiana bank offers a Personal Elite Savings. The minimum opening balance is $5,000.00 fro this account which provides a higher annual percentage yield. If your balance is $5,000.00 or more there is no monthly service charge. However, if your balance drops below $5,000.00 a $10.00 monthly charge is assessed. You may choose a paper statement or you may obtain your statement in an “estatement” format.
South Louisiana Bank offers the holiday popular Christmas club. We call this account the E-Christmas Club. The minimum opening balance is $10.00. There are no charges associated with this account. The statement is consolidated with your checking account statement.
South Louisiana Business Bank offers a variety of savings accounts for businesses. The Business Plus Savings may be opened with a minimum $300.00 deposit. If the balance drops below $300.00 there is a $5.00 per quarter charge. You are permitted six withdrawals per quarter at no charge, but if you exceed six withdrawals per quarter there is a $2.00 charge for EACH withdrawal. You may choose a paper statement or obtain your statement in an “estatement” format.
South Louisiana Business Bank offers a Business Elite Savings. The minimum opening balance is $5,000.00. There is a $10.00 charge per month, if the balance drops below $5,000.00. This high annual percentage yield is designed to allow six withdrawals per month. If you exceed the six withdrawals per month just one time during the month there is a $99.00 charge. You may choose to receive a paper statement or you may obtain your statement in an “estatement” format.
Your questions and comments are always welcome. Feel free to contact us or come on by at your convenience and see what South Louisiana Business Bank can do for you.