Business Savings
Savings your business can count on.
Business Savings & Investment Accounts
Business Statement Savings
One of the safest, smartest deposit options available – you have maximum flexibility, earn interest and retain immediate access to your money. An excellent way to provide overdraft protection on a checking account.
Features
Open with $250 deposit
Account Fees
$6 monthly maintenance fee ($18 quarterly) can be waived by maintaining a $2,500 minimum daily balance*
*Other fees may apply
Transaction Limits
Three preauthorized transactions per month at no charge1
Up to six total preauthorized withdrawals, automatic or telephonic transfers, checks, drafts and debit card or other similar transactions from your account per month or statement cycle
Business Money Market
One of the safest, smartest deposit options available – you have maximum flexibility, earn interest and retain immediate access to your money. An excellent way to provide overdraft protection on a checking account.
Features
Open with $1000 deposit
$2,500 minimum daily balance to earn interest
Account Fees
$15 monthly maintenance fee can be waived by maintaining a $2,500 minimum daily balance*
$2.50 fee per $1,000 cash deposited
$.50 per item deposited over 15 items
*Other fees may apply
Transaction Limits
Three preauthorized transactions per month at no charge2
Up to six total preauthorized withdrawals, automatic or telephonic transfers, checks, drafts and debit card or other similar transactions from your account per month or statement cycle
Investment Sweep Account
Especially designed for businesses that wish to achieve higher earnings from excess checking account balances while maintaining the ability to utilize their checking account for deposits and checkwriting. Balances in excess of a pre-determined target balance are automatically “swept” overnight from your Regular Commercial Checking Account into the Investment Sweep Account. Individual accounts must be subject to analysis.
Certificate of Deposit (CD)
This investment account gives you the right combination of safety and flexibility while investing money. The current interest rate is guaranteed for the entire term of the CD. You determine the amount to invest and the length of the term. Be sure to ask about our interest-allocation options. Substantial penalty for early withdrawal.
Smart Money Habits Course
Overcoming Small Business Financial Hardships
As an entrepreneur there may be times when you feel stressed and uncertain due to various challenges you may face on your journey. You can combat these feelings by being proactive by creating an actionable plan to keep your business on the right course. Learn more about how you can help make your business better equipped to handle challenges.
You may also be interested in:
Business Checking Accounts
Traditional & SBA Business Loans
