Commercial Money Management System

Earn interest on funds you're not using for your business. The Commercial Money Management System allows partnerships and incorporated businesses to earn interest on otherwise idle funds. The system uses a combination of two accounts to provide ready access as well as solid earnings potential. For daily check writing, a collected balance of $2,500 is maintained in the Commercial Checking Account. For interest earnings, the balance of the collected funds is held in a Repurchase Agreement.

Funds on deposit in the Repurchase Agreement earn daily compounded interest, based on balance and market conditions.

Commercial Checking

Minimum Balance: $2,500 collected balance in checking
(maintained via automatic transfers to or from the Repurchase Agreement)

Minimum Balance to Open: $1.00

Per check Charges: $0.20 per item processed
$0.15 per check deposited

Interest: No interest or earnings credit is paid

Repurchase Agreement

Service Charge:

$50.00 per month (2 way)

$100.00 per month (3 way)

Interest: Compounded daily and credited monthly

Repurchase Agreement Disclosure
Not FDIC Insured Not Bank Guaranteed May Lose Value
Not Insured by any Federal Agency Not a Bank Deposit

Speak with our Commercial Lenders for the latest rates on Repurchase Agreements.

Repurchase Agreement definition: A repurchase agreement is a transaction involving the "sale" of securities by NSB to the customer, subject to an agreement by NSB to repurchase the securities in specified circumstances. The Repurchase Agreement is a nondeposit investment product. It is not insured by the FDIC, it is not a deposit or other obligation of, or guaranteed by, NSB, and it is subject to investment risks, including possible loss of the principal amount invested.