Benefits

  • Unlimited withdrawals or transfers
  • Interest earning account
  • Use with a checking account for Overdraft Protection
  • Smooth account opening process

Requirements

  • Minimum opening deposit of $250 (Minimum of $25 for a minor under 18)
  • Minimum balance of $50 required to earn interest.
  • $5 service charge if requirements are not met (Service charge waived if under age 18)

eServices

Business Savings Account Rates

AmountInterest RateAPY*Compounded
Savings ($50 or More)0.05%0.05%Quarterly
*Your interest rate and Annual Percentage Yield (APY) may change at our discretion, at any time without notice.

Business Account Checklist

Be prepared for a smooth account opening process with this list of items.

  • Articles of Organization
  • Notice from IRS of Federal Tax Identification Number
  • Expected level of activities you will run through each account

Needed for anyone who owns 25% or more of the company and on one person who has significant control over the business:

  • Photocopy of valid driver's license
  • Name
  • Address
  • Date of birth
  • Social security number

Needed for all account signers:

  • Photocopy of valid driver's license
  • Name
  • Address
  • Date of Birth
  • Social security Number