Not-for-Profit Checking

At Oak Bank, we understand that money management is a "must have" for your organization.  That's why we created this special account just for you. 

Our exclusive not-for-profit checking account gives you the opportunity to earn high interest on your excess available balances.

Features and Benefits

With this high interest rate checking account for non-profit organizations with 501(c)(3) Tax-Exempt Status will enjoy the following features and benefits:

Checking Account Feature

Benefit

Generous Interest Rate No monthly maintenance fee and no per-item charges for checks, deposits, or deposited items.  (Limited to 500 items each month.) Deposit checks electronically with eXpressDeposit. There is a flat monthly service charge of $50.00, no per item charges. Purchase or leasing options for the scanner start at $680 or $24.95 per month. Additional deposit insurance available for balances in excess of $100,000. Free, time-saving electronic services including iBank, iBillPayPLUS, and e-Statements

You'll earn interest without having to move funds to a separate investment account. Saves the NPO money on financial services.   Faster deposits means more efficient contributions.  And more convenience for you!   Offers peace of mind and convenience. Saves you time!

Call Us to Sign Up!

To apply for a not-for-profit checking account, call 608/441-6000 or contact us.

*This account may not be available for use with public funds.  Call 608/441-6000 for eligibility.

Non-Profit Checking Account Rates as of 01/14/2010

Minimum Balance Tiers*	Interest Rate	Annual Percentage Yield	Compounding
<$2,500	No Interest	No Interest	Monthly
$2,500-24,999	1.00%	1.00%	Monthly
$25,000-49,999	1.77%	1.78%	Monthly
$50,000-89,999	2.23%	2.25%	Monthly
$90,000+	2.97%	3.00%	Monthly

 *Average Daily Balance/Tier needed to earn stated annual percentage yields.
Fees, rates, minimum balances and accounts subject to change.  Fees could reduce earnings.

• No monthly maintenance fee and no per-item charges for checks, deposits or deposited items (limited to 500 items each month)
• eXpressDeposit available for a flat monthly service charge of $50.00, no per item charges.  Purchase or leasing options for the scanner start at $680 or $24.95 per month
• Free, time-saving electronic services including iBank, iBillPayPLUS, and e-Statements