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Business Products Checking | Loans | Savings | 24-Hour Telephone Banking | Internet Banking Business Checking This account is designed for partnerships, corporations and other businesses. Monthly activity charges include:
The above charges may be reduced by a credit based on your average collected balance times a market rate. High collected balances may even result in no monthly service charges. A $100.00 deposit is needed to open this account. Nonprofit Checking This account is designed for nonprofit civic or religious organizations with low account balances and limited activity. With Great Southern's nonprofit checking, there is no service charge if the minimum statement balance stays above $600.00 throughout the month, fewer than 75 checks are written and fewer that 75 items are deposited. Should the balance fall below $600.00, there will be a monthly service charge of $5.25. A fee of $0.14 per check written in excess of 75 and $0.07 per item deposited in excess of 75 will be imposed. A $100.00 deposit is needed to open this account. Interest Checking for Sole Proprietorship This account offers interest on checking accounts to sole proprietorships and qualified religious, civic or charitable nonprofit organizations. A minimum balance of $1,000.00 is required to earn interest. Monthly activity charges include:
A $1,000.00 deposit is needed to open this account. Business Loans Great Southern National Bank can design a commercial loan to meet specific needs in the operation of a business. We urge you to visit us regarding money needs relating to expansion and development, commercial real estate purchases, new equipment, investment opportunities, commercial lines of credit, etc. Corporate Credit Cards A corporate Visa School Card from Great Southern gives you and your employees a convenient way of paying business expenses and provides you with an itemized record of monthly charges for each employee on your account.
Money Market Savings A Money Market Savings account earns a rate of interest at the prevailing rate (subject to change at any time). Interest will be compounded and credited to your account every statement cycle. A monthly service charge of $5.25 will be assessed if the collected balance of your account falls below $1,500.00 on any day of the statement cycle. Up to three (3) money market checks are allowed per statement cycle at no charge. Checks written in excess of three per statement cycle will be assessed a charge of $10.00 each. (Federal law requires closure of accounts with over-limit check writing.) Total checks and telephone transfers are limited to six (6) per month. A $1,500.00 deposit is needed to open this account. Money Market Plus Savings Plus Savings A market rate savings account with limited check writing. A minimum balance of $10,000.00 is required to obtain the Annual Percentage Yield disclosed above. Interest is not earned on the days your account balance is less than $10,000.00. Interest will be compounded and credited to your account on the monthly statement cycle date. A monthly service charge of $20.00 will be assessed if the collected balance in your account falls below $10,000.00 any day during the monthly statement cycle. Up to three (3) Money Market Plus checks may be written per statement cycle. A fee of $10.00 will be charged for each check written over the stated limit. (Federal law requires closure of accounts with continuous check writing over the stated limit.) Total checks and telephone transfers are limited to six (6) per statement cycle. Deposit items in excess of 30 will result in an activity charge of $.07 per item. An opening deposit of $10,000.00 is required.Daily Savings This account offers a competitive rate of interest (subject to change at any time) that is compounded and credited to your account quarterly. Six (6) telephone transfers are allowed per month with unlimited over-the-counter withdrawals. A monthly service charge of $3.00 will be assessed if the collected balance of your account falls below $450.00 on any day of the statement cycle. There is no monthly activity charge unless the total number of credit items deposited exceeds 30, then a $.07 activity fee per item may be assessed. A $100.00 deposit is needed to open this account. Regular Savings A great way to begin planning for the future, this savings account offers convenience and flexibility as you save. With an initial minimum deposit of just $50.00, this account pays a competitive rate of interested (subject to change at any time), compounded and credited to your account semi-annually. There is no monthly charge for daily collected balances of more than $100.00. A $2.00 monthly maintenance fee is assessed if your balance falls below $100.00 on any day of the month. Up to two (2) withdrawals may be made each month at no charge. A $1.00 fee will be assessed for each withdrawal in excess of two (2) per month, regardless of balance. There is no monthly activity charge unless the total number of credit items deposited exceeds 30, then a $.07 activity fee per item may be assessed. Certificates of Deposit Certificates of Deposit accounts enable you to take advantage of higher interest rates based on market trends. With a minimum deposit of $500.00, we can structure a Certificate of Deposit from 30 days to 60 months to fit your individual needs. We offer competitive rates with interest compounded and credited quarterly. (Interest is compounded and credited at maturity for CDs maturing in less than one year.) You have a choice of receiving your interest by check, depositing it into an existing Great Southern account or adding it to your certificate. Please call for current interest rates.
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