Business Banking

As a local small business ourselves, Jarrettsville Federal makes every effort to support businesses in our area. We offer options for checking and savings accounts that are specially designed for businesses. Visit our office to see how our professional staff can help you achieve your business goals.

  • No monthly service charges
  • Low minimum balance requirement
  • Free online banking with bill pay

Type

APY*

Interest Rate

Minimum to Open

Business Statement Savings

0.30%

0.30%

$500

Basic Business Checking

0.00%

0.00%

$500

  • $10 fee for balances below minimum

Jarrettsville Federal can provide funds to purchase or refinance residential rental properties or commercial owner occupied or rental properties. We offer great, fast turnaround times, and all at competitive rates and costs.

Additional Account Information

  • Annual Percentage Yield (APY) is effective as of the effective date noted above, and subject to change without notice. APY assumes interest and principle remain on deposit until maturity. Interest computed from day of deposit to day of withdrawal, compounded daily and paid semi­annually unless stated specified as monthly. Contact branch for additional details.
  • Jarrettsville Federal reserves the right to refuse any deposit or request for any account.
  • Accounts available for Maryland, and Pennsylvania residents only; all other are “case by case basis.” All applicants must physically come to our location to open any account.
  • In accordance with the USA Patriot Act, Jarrettsville Federal is required to obtain, verify and record information that identifies each person who opens an account.
  • Fees and charges may reduce the earnings on these accounts
  • You must maintain the minimum balance required to obtain Annual Percentage Yield (APY)

The Department of the Treasury and the Federal Reserve Board issued a joint final rule to implement the Unlawful Internet Gambling Enforcement Act (UIGEA). UIGEA prohibits any person engaged in the business of betting or wagering from knowingly accepting payments in connection with the participation or another person in unlawful internet gambling.

For more information about our rates, contact us at 1-800-429-6616 or 410-692-5151.