Savings

 

It’s one thing to be prepared today. It’s quite another to plan for tomorrow and whatever uncertainty it may bring. But there are ways to manage your day-to-day needs in the present while building for a more secure future. VIST offers a number of savings options to ready your business for what lies ahead.

Certificate of Deposit Account Registry Service (CDARS)

Now you can have the ease of banking with VIST combined with the security of FDIC Insurance. Through CDARS, we can place your deposits larger than $100,000 into smaller-denomination CDs, and at multiple institutions within the CDARS network. As your local member of the CDARS network, VIST offers you a safe, convenient opportunity to put your cash to work—while benefiting from FDIC protection.

Service Features
  • FDIC insurance. With deposits over $100,000 divided into smaller CDs at multiple institutions, this permits the full amount to be eligible for FDIC insurance.
  • CD interest rates. You agree to an interest rate with us for the CD maturity period you've selected. Rates may compare favorably with those of other high quality, fixed income investments.
  • Interest-payment flexibility. You may choose to have interest on your CDs paid monthly or at maturity.
  • One relationship. You can manage all of your CD investments through your trusted VIST relationship.
  • One statement. You receive a single, consolidated, monthly statement summarizing your deposits. And your private financial information is protected and secure.

 

Premium Business Money Market

VIST Financial offers this prime opportunity to grow your business savings with only a $500 opening balance requirement with our Premium Business Money Market account.

 

  • Only a $500 opening balance required.
  • Higher yields than other savings options.
  • Rates indexed to Fed Funds Rate.
  • No tiers – interest rate is paid on all account balances.
  • Access to your account 24/7 with our Automated Telephone Banking.
  • Free first order of standard wallet-style Business Money Market Checks.
  • Check Imaging or Check Safekeeping
  • E-Statement
  • (3) third-party checks per cycle or up to (6) pre-authorized transactions (includes your 3 checks per cycle)

 

 

Government Funds Savings Account

The Government Fund Savings Account is a negotiated rate statement savings account that earns interest with no minimum balance requirements.

 

  • No monthly minimum balance requirements.
  • Interest rates fixed weekly based on the current Fed Funds Rate.*
  • No limit to the number of deposits or in-person withdrawals.
  • Up to (6) transfers per statement period via a combination of preauthorized, automatic transfer, telephone or web transfers.
  • No monthly maintenance or activity fees.

 

The Government Fund Savings Account is in compliance with the Commonwealth of Pennsylvania Act 72 of 1971 (P.L. 281). VIST Financial will supply the collateralization letter on funds in excess of $100,000, as required by the Act.

 



Business Statement Savings Account

VIST Business Statement Savings account is a practical financial tool for those looking for competitive rates with a low minimum requirement. 

 

  • $25 minimum to open an account
  • Competitive interest earned on daily balance of $100 or more
  • Quarterly or monthly statements
  • 24-hour VIST ATM, Automated Telephone Banking, and Online Banking access
  • E-Statement
  • Low monthly inactivity fee if inactive for (2) years and balance falls below $1,000

 

 

Certificates of Deposit (CD)

VIST offers a range of federally insured terms without risk to principle. Your VIST Financial consultant will help you decide which product best suits your needs. 

 

  • $10,000 minimum deposit for a seven day term
  • $5,000 minimum deposit for a 14 day term
  • $2,500 minimum deposit for a 30-59 day term
  • $1,000 minimum deposit for a 60-90 day term
  • $500 minimum deposit for a 91 day to 120 month term
  • $100,000 minimum deposit for a seven day to 120 month Jumbo term

 

 

Horizon Money Fund

Our Horizon Money Fund offers multiple tiers of interest, which gives you the ability to earn higher returns as balances increase. 

 

  • Requires a $1,500 minimum monthly balance to earn interest
  • Allows unlimited deposits and withdrawals in person or by mail
  • Limit to (6) auto transfer and (3) third party checks per statement cycle
  • VISA® Check Card
  • 24-hour VIST ATM, Automated Telephone Banking, and Online Banking access
  • Online Bill Payment
  • E-Statement
  • Check Imaging or Check Safekeeping
  • Low monthly maintenance fee if balance below $1,000 and no activity after after (1) year of inactivity

 

*As a negotiated rate account, the rate is subject to change at the Bank's discretion and is subject to monthly review. For Public Funds Only.

 

 

 

For more information on our Business Savings products,  Contact Us. Or please call or visit your local VIST Financial Center.