Escrow Manager Account saves time and makes it easy to open, maintain and close separate escrow accounts for individual clients and their business transactions.

  • Accounts can be opened by completing a simple form in the convenience of your own office.
  • Account closings or withdrawals can be telephoned to the Bank. The monies are immediately transferred to your Escrow Manager Account and you write a check to direct how the funds are to be disbursed.
  • A client account may be opened with a minimum of $1,000.
  • Client accounts will earn interest. The interest rate and corresponding annual percentage yield will vary.
  • Each client account is insured by the FDIC.
  • A monthly statement showing all activity on the Escrow Manager Account and balance information on client accounts reduces record-keeping.
  • The Bank will report all earnings on the accounts to your clients and the IRS.
  • No monthly maintenance fees.

    To learn more or open an account, visit a Cape Cod 5 Banking Center today

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