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Business Investments

Patriot Federal Bank offers a variety of investment options to meet the needs of our business customers.

PATRIOT FEDERAL BANK ONLINE BANKING IS FREE WITH ANY INVESTMENT ACCOUNT.

Enjoy the convenience of accessing your account information 24 hours a day. Patriot Federal Bank Online banking lets you:

  • Review your account balances
  • Confirm that your checks have cleared
  • View your check images after they have cleared
  • Transfer funds (excluding passbook accounts)
  • Record Debit Card Transactions
  • Pay your Patriot Federal Bank loan ONLINE!

Statement Savings

Our most flexible savings account offering the following:

  • Minimum opening balance - $10.00
  • Tiered Rates – the larger the balance, the higher rate of return!
  • Fees - $3.00 per month (waived if monthly average balance of $200.00 or more is maintained)
  • Withdrawals – Limited to 6 preauthorized transfers including automatic transfer, telephone agreement or instruction and online transfer.
  • FREE Online Banking
  • Monthly Statement with activity (quarterly if interest postings only)
  • ATM/MasterCard Debit Card Available (For ATM Cash Withdrawals)

Transfer Management

  • Sweep account that moves money between two deposit accounts
  • Target Balance specifically determined to meet your business needs
  • Allows excess funds to be maintained in an investment account to maximize idle fund

Certificate of Deposits (CDs)

Offers a higher interest rate with terms from 6 months to 10 years. The interest rate and annual percentage yield will not change for the term of the account:

  • Rates – Interest rates vary according to the term (See Rates)
  • Flexible options for interest earnings – receive a check by mail, automatic deposit into your checking or savings account or add it to the principal balance of your CD
  • Fees – A penalty will be imposed for early withdrawals
  • Free Online Banking to view your account