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 Commercial Savings Accounts

Which Savings Account is right for your business?

Business Savings Accounts
Column has the savings account name and description; other columns show opening deposit and fees.
Savings Accounts Designed for you... Opening Deposit Interest Maintenance Fees* Withdrawals

Business Savings

...businesses that want a traditional account to help save for onetime or periodic business expenses such as taxes, insurance or employee benefits. $100 Compounded daily, paid quarterly, rate is variable.
See our Current Rates.
$5 fee waived for maintaining $300 average daily balance per quarter OR $5 fee waived if enrolled in E-Statements.

Insured Money Market

...businesses that want the combination of security, liquidity and convenience. This tiered-rate account pays competitive rates of interest on higher balances. $2,500 Compounded daily, paid monthly, rate is variable.
$10 fee waived for maintaining $2,500 minimum daily balance per statement cycle.

Certificate of Deposit

...businesses that want to earn a higher interest for specific terms and do not need funds available for a period of time. $500 or more depending on term Compounded and reinvested quarterly on Growth CDs. Simple interest paid monthly or quarterly on Income CDs.
See our Current Rates.
N/A Substantial penalty for early withdrawals.

SEP Accounts owners that want to plan for their future with a retirement account. Consultation with a competent tax advisor is recommended. Varies with product. See our Current Rates.    

*Maintenance Fees are assessed each statement cycle.