Home |
We offer several savings options to accommodate the specific needs of our business customers.
Business Savings
An interest-bearing account that offers convenient access to your funds.
- $3.00 monthly maintenance fee
- Maintain a $200 minimum daily balance to avoid monthly maintenance fee
- $200.00 minimum deposit required to open account
- Online & Mobile Banking with eStatements
- 24/7 Phone Banking
Business Money Market
A tiered interest bearing account designed to pay higher interest rates on accounts maintaining larger balances.
- $15.00 monthly maintenance fee
- Maintain a $2,500.00 minimum daily balance to avoid monthly maintenance fee
- $500.00 minimum deposit required to open account
- Online & Mobile Banking with eStatements
- Images provided with statement
- 24/7 Phone Banking
- 4 interest rate tiers
$50,000.00 and above
$25,000.00–$49,999.99
$10,000.00–$24,999.99
$0.00–$9,999.99
Certificate of Deposit
An investment opportunity with a fixed rate of interest for a specific period of time.
- $1,000.00 minimum deposit required to open account
- Online & Mobile Banking
- 24/7 Phone Banking
- Maturity terms from 6 months to 5 years
- Automatic renewal option available
Interested in a Business Savings Account?
Frequently Asked Questions
What is a Business Savings account?
A Business Savings account is an interest-bearing account designed to help businesses set aside funds while still maintaining convenient access for planned or short-term needs.
Who is a Business Savings account best suited for?
Business Savings is commonly used by small businesses that want to separate operating cash from reserve funds, such as tax savings, emergency reserves, or planned expenses.
Is there a monthly maintenance fee?
A monthly maintenance fee may apply if the account balance falls below the required minimum at any point during the statement cycle.
How can the monthly maintenance fee be avoided?
Maintaining the required minimum daily balance throughout the statement cycle can help avoid the monthly maintenance fee.
Are there limits on withdrawals?
There is no limit to the number of withdrawals permitted but check writing and debit card access are prohibited.
What is the minimum deposit required to open a Business Savings account?
A minimum opening deposit is required. Details are provided at account opening.
Does Business Savings include online and phone banking?
Yes. Business Savings accounts include access to Online & Mobile Banking and 24/7 Phone Banking.