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Business Accounts

Decision Tree: Business Owner – Interest Bearing Account2020-06-23T19:31:20+00:00

Business Investment Account

Feel good about investing. Our Investment Account gives you immediate access to your funds while maximizing your interest-earning ability. It also rewards you for maintaining a higher balance with a tiered rate structure, because everyone deserves a pat on the back every once in a while.

Certificates of Deposit / Time Deposits

For inquiries about rates on Certificates of Deposit, please give us a call (254.743.6900) or send an email to personalbanking@cnbtemple.com.

Business Checking Account

As a business owner, you have plenty on your plate already. That’s why our Business Checking Account structure is intentionally designed to charge you only for the services you use. What’s more, you’re only responsible for fees when the services you use exceed the value of your deposits. Each month, an account analysis statement is generated that summarizes the activity in your account and itemizes the associated fees. The report also analyzes your account balance and calculates the earnings credit based on the investable balance. Any fees not offset by the earnings credit are charged to your account.

Click here for our Account Analysis Frequently Asked Questions

Questions? We have answers.

A:   This is the average balance in your checking account.   You may calculate this by averaging the balances at the end of each day on your bank statement.

A:  The bank is required by the Federal Reserve to maintain reserves to assure you the adequate margins of safety for your deposits.  Reserve funds are not investable and therefore not included in the Earnings Credit.

A:  The Uncollected Balance is the average amount of your account balance during the month that was in the process of collection.  This means you deposited the check and we have sent it to the bank it is drawn on but it has not yet arrived.  These funds are not investable and therefore not included and therefore not included in the Earnings Credit.  Collected means the check has arrived at the bank the check is drawn on.  These funds are investable and are included in your Earnings Credit.

A:  An Earnings Credit is interest calculated on your Available Balance and is used to offset service fees.  The rate is based on the Average Discount Rate of the 91 Day Treasury Bill auctions held during the month.

A:  The Available Balance is the Average Daily Balance in your account less the Uncollected Balance and Reserves.  It represents the average amount of your deposits that were investable by the bank during the month.

A:  The sum not offset by the Earnings Credit is debited to your account.

A:  First, be sure you are efficient in the use of your bank accounts.  Consolidate accounts where possible and write no more checks than are necessary (for example, write only one check each month to each vendor/supplier if possible).  Second, determine the balance needed to support your banking services.  Maintaining that balance on average will eliminate service fees.  Please call on us to help if you have questions.

SmartBiz Checking

Tailored especially for small to medium sized businesses that have a moderate amount of transactions per month.

Account Features:

  • Minimum to Open: $100
  • Minimum Balance to Avoid Service Fee: $1,500
  • Number of Transactions Per Month: 200
  • Monthly Service Fee: $10 (if balance falls below the Minimum)
  • Excess Transactions: $0.50 for each additional over 200
  • Business Debit Card
  • CentraNet Online Banking and Bill Pay
  • Cashier’s Checks and Money Orders
  • Relationship Package for Personal Accounts

Make the right choice for your business. Choose CNB.

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