Commercial Bank of California
Where Business is Personal
  • Corporate Banking
  • Commercial Real Estate
  • SBA Lending
  • Personal Banking
Corporate Banking

Savings Account

BUSINESS SAVINGS ACCOUNT

Frequency of rate changes - We may change the interest rate on your account at any time.

Determination of rate - At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.

Minimum balance to open the account - You must deposit $500.00 to open this account.

Minimum balance to avoid imposition of fees - A monthly service charge fee of $6.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle.

Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction limitations:

Transfers from a Savings Account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle with no transfers by check, draft, debit card, or similar order to third parties.

Fees:

An excessive activity fee of $5.00 will be charged for each debit transaction (withdrawal, automatic transfer or payment out of this account) in excess of six during a statement cycle.

Common Features

We may require not less than 7 days' notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.

FDICEqual Housing Lender

695 Town Center, Suite 100, Costa Mesa, California 92626 (714) 431-7000
One Point Drive, Suite 100, Brea, California 92821 (714) 482-2200