Because businesses have savings goals, too.
Use one of these account options to save up for that new piece of equipment that will make the business run smoother or to just stash some cash to make sure your business remains healthy through hard times. Whatever your reasons, we make saving easier with our various ways to save.
Savings Account
If your business has a small opening deposit and only needs limited access to funds, our Savings Accounts may be just what you are looking for. These accounts carry the following features:
- Interest calculated on the daily ledger balance
- Interest is compounded and paid semi-annually
- Receives quarterly statements
- Allowed 6 free withdrawals per quarter. Additional withdrawals are $1.00 each
- $100 minimum opening deposit
Certificates of Deposit
Earn a higher rate by locking in a rate for a specific time period on your deposit. We currently offer the following terms:
| Term | Min Opening Balance | Early Withdrawal Penalty |
|---|---|---|
|
3 month
6 month
12 month
|
$1,000 | 30 days interest |
|
18 month
24 month
30 month
36 month
|
$2,500 | 90 days interest |