Business Savings Accounts
Achieve your financial goals with a variety of savings, money market, and CD options.
Business Regular Savings
- Requires $100 minimum opening deposit
- Earn quarterly interest
- Direct deposit
- Service Charge:
- $2 if balance falls below $100 any day of the month
- $1 each withdrawal/transfer exceeding two per month
Business Insured Money Market Fund
- Requires $2,000 opening deposit
- Earn interest
- Automatic transfers available
- $2,000 minimum daily balance required
- Service Charge Per Statement Cycle:
- $10 if balance falls below $2,000 any day during a statement cycle
- $2.50 per debit/check if you have more than six in a statement cycle
Business Health Savings
- Employer contributions
- An employer may make contributions to an employee’s HSA as long as the combined contribution (employee/employer) does not exceed the maximum contribution for each tax year
Business Real Club
- Save for real estate taxes
- Save for income taxes
- Earn interest
- Automatic transfer available
- Four withdrawals per year
- $10 fee if exceeds four
- Interest rate changes when balance exceeds $5,000
Certificates of Deposit
- Fixed rate
- Terms ranging from seven days to five years
- Automatically renewable
- Earn interest
- Interest may be:
- Compounded
- Paid by check
- Transferred to another account
- Fees could reduce earnings
