The Municipal N.O.W. account is available to federal, state, county or municipal government entities or other political subdivisions only.
Available for cities, towns, school districts, water districts and other entities authorized in VT & NH.
- Collateralization of balances in account, no need to sweep funds to another account or invest in multiple banks
- $500 minimum balance to avoid service charge*
- Interest-bearing account
- Access via internet
- ACH capability
- No charge for deposit items
- Unlimited check writing
* $5 service fee monthly as well as a charge of $.015 per check that clears in that statement cycle if $500 minimum balance is not maintained.