Simple and Convenient designed to meet your basic checking needs.
$300
$20 Monthly
$0.30 per check in excess of 60 per month
$0.30 per deposit in excess of 20 per month
N/A
No
Business Checking
A complete suite of checking services designed with your business in mind giving you the flexibility to manage your money online.
$300
$20 Monthly
$0.15 per item fee**
Charges may be reduced based on earnings credit calculated by using the previous month's 91day Treasury Bill average rate applied to the average ledger balance for the month.
No
Grove Investment Account
Low Minimum Balance Requirement, competitive tiered interest rates. Federal Regulations limit the number of pre-authorized or telephone transfers in any statement cycle, of which only six may be made by check or draft to third parties.
$10,000
$35 Monthly
$10,000
Yes
$0
$0
N/A
Yes
Interest on Trust Accounts (IOTA)
Short term trust checking account available only to attorneys. Unlimited check writing, no per item charges, and no wire transfer fees.
$0
$0
N/A
Yes
Business Savings Account
$300
$5 Quarterly
$300
Yes
Certificates of Deposit
Take advantage of an FDIC secure investment. You can select from a broad range of terms including 1, 3, 6, 12, 18, 30 and 60 months.
$10,000 (1,3,6 months)
$2,500 (12,18,30,60 months)
A penalty for early withdrawal may apply.
N/A
Yes
Repurchase Agreement***
This account allows the transfer of funds between two Coconut Grove Bank accounts and is backed by Municipals.
$250,000
$50 Monthly
N/A
Yes
* For additional fees related to these accounts, please refer to schedule of fees.
** Items are defined as all checks, debits, credits, and items included in a deposit.
*** This account is NOT FDIC insured.
