Business Savings Accounts

Just like a personal savings account does, a business savings account lets you set money aside for future needs and growth. 

Visit a Branch 
Jump to a section:

Business Savings

This business savings account is ideal for small-saving businesses. 

  • Minimum to open: $50
  • When your average daily balance is under $500, there’s a $10 monthly fee
  • Earns interest
  • Includes 5 free transfers; $3 for each additional transfer
  • Access it through Online Banking and your Mobile Banking app
  • Free monthly eStatements

A business savings account lets you earn interest on money deposited into the account. Maximizing your cash flow, saving for taxes and funding growth needs are easier when you have money that’s not only set aside but also growing on its own.

Please visit a branch to apply 

Business Money Market

A business money market account can offer a higher interest rate by requiring a higher minimum balance while still giving your business easy access to capital. 

  • Minimum to open: $10,000
  • Earns interest
  • When your average daily balance is under $10,000, there’s a $10 monthly fee 
  • Includes 5 free transfers; $3 for each additional transfer
  • Access it through Online Banking and your Mobile Banking app
  • Free monthly eStatements

If you’re able to maintain a larger balance, a money market account will give you a higher interest rate. Higher interest rates means your money grows faster while still offering you access to your capital if you need it.

Visit Us 

Health Savings Account

A health savings account (HSA) gives your employees a way to save for out-of-pocket medical, dental, vision and mental health services (including prescriptions and over-the-counter medications).

  • Minimum to open: $50
  • Minimum required balance: $0
  • Set-up fee: $10
  • Monthly service charge: $0
  • Earns interest
  • Access it through Online Banking and your Mobile Banking app
  • Free monthly eStatements
  • Use Online Bill Pay through this account 
  • Receive a debit/ATM card

HSAs are a beneficial investment choice, both for the person investing and the employer who offers it. There are numerous tax advantages. For the investor, funds go in tax free. Those pre-tax dollars then earn interest as they grow, plus they aren’t included in income taxes. Depending on the employee’s situation, they can adjust contributions to help determine their taxable income bracket. Our accounts feature competitive interest rates plus low set-up fees and minimum balance requirements. 

When eligible medical expenses arise, the fund is there to pay for them. Qualifying employees can easily access HSA funds with debit cards, and the withdrawals are tax free. Unused funds continue to grow just like they do in other retirement accounts like a 401(k).

The employer who offers an HSA offers their employees the opportunity to participate in a financial product designed to help make medical expenses more affordable and contribute to their retirement investments. Better compensation options help in recruiting and retaining better employees. Everybody wins!

Helpful links:

Reasons to choose a health savings account for your employees

Compensation Basics

Attracting and Retaining Quality Employees

Visit Us 

Business Savings

Business Money Market

Health Savings

Minimum Balance$50 to open$10,000 to open$50
Interest Rate*Balances under $10,000 – 0.05%; Balances of $10,000 – $24,999 – 0.10%; Balances of $25,000 – $49,999 – 0.15%; Balances of $50,000 or more – 0.25%Balances under $10,000 – 0.05%; Balances of $10,000 – $24,999 – 0.15%; Balances of $25,000 – $49,999 – 0.25%; Balances of $50,000 to $99,999 – 0.35%; Balances of $100,000 or more – 0.45%Balances under $25,000 – 0.25%; Balance $25,000 to $49,999- 0.35%; Balances of $50,000 or more 0.50%;
Free Transaction––Yes
FeesAverage Daily Balance Under $500 = $10 $500 or more = none Excessive transfers (6+) = $10/eachAverage Daily Balance Under $10,000 = $10 Excessive transfers (6+) = $10/each$0
Online Banking PlatformOnline Banking requires a checking accountOnline Banking requires a checking account–
Ideal ForSmall saving customerLarge business accounts–
APY*Balances under $15,00.00 – 0.10%; Balances of $15,000.00 – $24,999.99 – 0.15%; Balances of $25,000 or more – 0.25%.10%Balances under $2,500.00 – 0.55%; Balances of $2,500.00 – $4,999.99 – 0.65%; Balances of $5,000 or more – 0.75%

    Download the new Business Mobile App

    You’re on the go, and so are we. Do more banking from the palm of your hand with our updated business banking mobile app.

    App Store Google Play 

    Find the Business Checking Account that fits your needs

    From simple to complex, our Business Checking Accounts have something for businesses of all sizes. It’s the first step in setting up your business finances.

    Explore Checking 

    Designed for Better Business

    Every business service we offer is designed to help you succeed.

    Get ready to grow your business

    When you need funds to buy new equipment, hire more staff or expand your offerings, we’re here. With various lending options, you’ll find the loan that best fits your needs.
    Meet with a Banker Visit a Branch 

    Business Knowledge Hub

    Get financial insights, education and advice to help you run your business. 

    Calculate Your Direct Mail ROI

    Direct marketing has been a staple of many companies marketing mix for decades and many successful companies have been built with direct marketing as the backbone of their marketing initiatives.…
    View Resource

    Gaining a Competitive Advantage

    It takes extensive research and strategic planning to gain a competitive advantage. Every advantage is significant and counts for establishing your business as the leader in your particular industry, especially…
    View Resource

    Using Credit Cards for Financing

    To propel your startup into the marketplace, you need working capital. It is hard to ask friends and family to get onboard on a speculative venture, even if you are…
    View Resource

    Financial Ratios

    For the small businessperson, number crunching can be mind numbing. However, becoming conversant with a few core concepts can help you get an accurate view of how well your firm…
    View Resource

    Keep Your ACH Transactions Compliant with NACHA Requirements

    Often for small to medium businesses and even some larger businesses, it is not economical to have your own merchant account and be a merchant service provider. That’s why third-party…
    View Resource

    Working With Outside Investors

    Depending where they are in their startup phase, new businesses often get several types of investment funding. Though some entrepreneurs can bootstrap, that is fund themselves from savings and continue…
    View Resource

    7 Tips for Safer Online Business Banking

    The internet is not only an incredibly vast source of information and entertainment, it’s also a convenient, time-saving tool for important tasks like banking. With online banking on the rise…
    View Resource