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A commercial banking relationship with Extraco provides access to financial solutions that can help you grow your business and reach short- and long-term financial goals.
Commercial Checking offers businesses with high transaction or cash needs a simple approach for efficient use of idle cash with an earnings credit that reduces or offsets service charges.
Business Checking with Interest is an interest-bearing commercial checking account designed for sole proprietorships and not-for-profit organizations.
| Account Features | Commercial Checking Account |
Interest Checking for Business |
|---|---|---|
| Earns Interest1 | No; has an Earnings Credit2 | Yes, plus and Earnings Credit3 |
| Minimum to open | $100 | $0 |
| Minimum to maintain | $0 | $0 |
| Number of transactions | Unlimited | Unlimited |
| Monthly Service Charge | Varies from month to month4 | Varies from month to month4 |
| Electronic Statements | Available | Available |
| Debit Card | Available | Available |
| E-Business | Available | Available |
| Bill Pay | Available | Available |
| Other Benefits | Itemized Statement | Itemized Statement |
- Interest rate and Annual Percentage Yield may change in value at bank’s discretion. Fees may reduce earnings.
- The Monthly Earnings Credit Rate is equal to the discount rate of the 4-week U.S. Treasury Bill based on the results of the most recent auction by the U.S. Treasury of short-term U.S. Government Bills for the period, plus or minus a discretionary margin.
- Interest earned is treated as a cost in analysis calculations, thus reducing the earnings credit available to apply toward analysis fees.
- Service Charge is equal to the difference between the EARNINGS on the collected daily balances and the COST of servicing the account. Talk to a Relationship Manager for more information.
We want your money to work as hard as you do. That's why the advisors at Extraco provides several investment vehicles to help you achieve short- and long-term investment goals.
Certificates of Deposit — Reach higher returns on your business cash through a Certificate of Deposit.
Check current rates.
| Account Type | Interest Rate | APY Annual Percentage Yield |
| CD - 30 Day | .05% | .05% |
| CD - 90 Day | .10% | .10% |
| CD - 180 Day | .15% | .15%1 |
| CD - 1 Year | .25% | .25%1 |
| CD - 18 Month | .30% | .30%1 |
| CD - 24 Month | .35% | .35% |
1. Not compounded
Rates effective 06/17/2013
Repurchase Agreement Sweep Account (REPOs) — Put excess cash to work for you in a Repo account.
Check current rates.
| Amount | Interest Rate |
| < 100,000 | .05% |
| 100-999.99M | .05% |
| 1MM-4.99MM | .08% |
| 5MM-14.99MM | .09% |
| > 15MM | .09% |
Rates effective 06/17/2013
Money Market Investment — Offers businesses a tiered, high-yield savings vehicle with easy access to funds. Check current rates.
US Treasury Securities — Also known as Treasury bills and notes, these securities give businesses conservative investment instruments backed by the full faith and credit of the U.S. Government.
Bonds — The smart way to balance portfolio risk, our advisors offer a wide range of bonds:
Equity Investments — Investments in stocks or mutual funds that include stocks. They are generally higher-risk, higher-reward investments that can be paired with other more conservative vehicles to create a balanced portfolio designed to minimize risk. We offer access to top mutual fund families, plus a wide range of stocks and other financial products.
Set up an appointment with a Wealth Management consultant. Need an on-site visit for you and your employees? Schedule one today!
Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.
Extraco offers a complete range of business and commercial loans for all business funding needs.
Business & Corporate Loans — Secured and unsecured term loans that help businesses meet both one-time expenditures and long-term financing needs, such as expansion, working capital and cash flow management. Extraco can structure your loan to match your business cash flow and debt obligations.
Real Estate Loans — A full range of commercial, land and construction real estate financing options.
- Multi-family housing
- Office buildings
- Manufacturing facilities
- Industrial warehouses
- Medical / Professional
- Retail centers
- Churches
Lines-of-Credit — Revolving and non-revolving lines-of-credit for managing your cash flow.
Request an application today. Contact a Relationship Manager to find out more.Extraco offers a wide range of affordable business insurance solutions for coverage needs large and small.
- Automobile and rolling stock
- Property (building and personal property)
- General liability
- Workers’ compensation
- Umbrella liability insurance
- Equipment inland marine
- Health and life insurance
- Directors’ and officers’ liability
- Key man life
- Inland marine
Additional services:
- Annual insurance review
- Business contracts consulting (to align your insurance coverage and limits with the terms and conditions of contracts)
- Risk management consulting services
Extraco Banks, N.A. is a Member FDIC. INSURANCE PRODUCTS ARE NOT DEPOSITS, NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY, NOT GUARANTEED BY EXTRACO BANKS OR ITS AFFILIATES, AND MAY GO DOWN IN VALUE.
As businesses grow, owners are challenged to maintain their long range personal financial goals and plans in addition to the financial stability of their company. Extraco can help you manage your personal investments, implement business retirement plans and develop strategies to ensure a sound future for your family and business.
Investment Management — Developing unique portfolios to fit your needs.
Business Retirement Plans — We can help you set up both personal retirement accounts as well as retirement plans for your employees, including:
- 401(k) Plans
- IRAs / Rollovers / Transfers
- Profit-Sharing Plans
- Retirement Plans
Personal Estate Planning — Extraco provides additional resources and expertise for individuals and families requiring more complex estate and retirement planning services due to unique financial circumstances and situations, including:
- Asset / Wealth Management
- Estate Administration
- Living Trusts
- Irrevocable Trust
Extraco Trust joins your team of business and personal financial advisors to develop and implement comprehensive wealth management plans to facilitate your long range objectives.
Click here to see if Estate Planning is something you should consider. Set up an appointment with a Wealth Management consultant. Need an on-site visit for you and your employees? Schedule one today!
