All commercial accounts receive an earnings credit at Bank of Tidewater. The earnings rate is applied to the average collected balance. Although this earnings credit is not paid to you, it is applied toward your activity charge. You receive a charge only if activity charges exceed the earnings credit. If you are a sole proprietor you can earn interest on your commercial account at competitive rates.
Interest is paid on the average monthly collected balance.
Non Profit Organizations can benefit from this interest earning account. Interest is paid on the average monthly collected balance.