Non-Profit Interest Checking
For the Non-Profit organization seeking to earn interest on account balances, i-bank offers our Non-Profit Interest Checking account.
- A dedicated relationship banker to help review your business needs
- Tiered interest rate rewards higher balances
- Access to Business Online banking and Business Bill Pay
Consult with your banker regarding activity limits. Contact i-bank for tier levels and current interest rates and annual percentage yields for each tier.
Terms: You must deposit at least $1,000 to open this account. A $15.00 service charge is assessed per month. The interest rate for this account is variable. The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. Interest will be compounded monthly. Interest will be credited to the account monthly. 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. This account allows 75 checks, 20 deposits, and 200 deposited items. A $0.25 fee will be charged for every transaction in excess of the account allowances. Fees could reduce the earnings on the account. Must provide a business license and a copy of the letter from the IRS issuing the tax ID number and 501(c)(3) designation.