1.00% Interest Rate
Virginia Commerce Bank’s Premier Interest Checking is an account for government, non-profit industry associations and other non-profits. Monthly account activity is analyzed, with an earnings credit rate of 1.00% applied to offset fees. The balances in excess of the amount required to offset fees earn an interest rate of 1.00%, paid to the account at the end of each month. The earnings credit through account analysis is calculated as follows:
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Balances maintained in your account are converted to an earnings credit allowance (at a 1.00% interest rate), which can be used to offset bank activity charges that are calculated from the amount of services rendered for the billing period. Additional account analysis calculations are determined as follows: | |
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| In the event of a net loss (fee result), fees will be charged to the account. |
Contact a Cash Management representative today
for additional information: (571) 262-0878
*Account descriptions and information presented are accurate as of revision date and are subject to change at any time without notice. Eligible entities only. 9/2/2010.



