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Silex Banking Company

Checking & Money Market Accounts

Personal Checking Account

  • No minimum balance required to open account.
  • No monthly service charge on active accounts.
  • Must present two forms of proper ID to open account.

Business Checking Account

  • No minimum balance required to open account.
  • No monthly service charge on active accounts.
  • Must present proper business documents to open account.

NOW Account

  • A minimum balance of $1,000.00 is required to open account.
  • Interest rate may change at any time.
  • Interest is compounded and credited monthly to your account.
  • If minimum balance falls below $1,000.00, you will receive a lower rate of interest.
  • Five free withdrawals per monthly cycle, 6 + withdrawals--$.15 per withdrawal

Money Market Account

  • No minimum balance to open account.
  • Interest rate may change at any time.
  • Interest is compounded and credited monthly to your account.
  • Tiered interest rates for balance under $1,000.00 and $1,000.00 and over.
  • No more than six withdrawals to third parties are allowed per month.
  • Must present two forms of proper ID or business documents to open account.
Account Interest Rate* Annual Percentage Yield**
NOW Account .25% .25%
Money Market    
Below $1,000.00 .40% .40%
$1,000.00 and above .40% .40%

*Interest Rates quoted are effective today only; they are subject to change without notice.       **Annual Percentage Yield assumes interest will be reinvested monthly to the account.

 

   
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