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*Contact us for detailsContact us for detailsBalances under $2,500 – 0.10%; Balances $2,500 – $4,999 – 0.15%; Balances $5,000 or more 0.20%.
Free Transaction–––
FeesAverage Daily Balance Under $500 = $10 $500 or more = none Excessive transfers (6+) = $3/eachAverage Daily Balance Under $10,000 = $10 Excessive transfers (6+) = $3/each$10 Set Up Fee
Online Banking PlatformBusiness Online Banking requires a checking accountBusiness Online Banking requires a checking accountYes
Ideal ForSmall saving customerLarge business accounts–
APY*––Balances under $2,500 – 0.10%; Balances $2,500 – $4,999 – 0.15%; Balances $5,000 or more 0.20%.

    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 

    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 

    Get to Know Our Treasury Management Services

    From fraud prevention to automation, our services give you peace of mind and help make managing your cash flow easy.
    Learn More 

    Business Knowledge Hub

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

    Extending Credit To Your Customers

    The marketplace is competitive. Prospective customers expect you to extend credit to them. However, is it the right decision for your business? Offering credit to your customers has its pros…
    View Resource

    Saving to Start a Business

    Most new businesses get started out of personal savings. The amount of money you will need to start yours depends on the initial outlay of funds you’ll need to get…
    View Resource

    Repaying a Business Loan

    If you’re trying to pay down some of your business debt, you might be wondering how long it might take by making the standard payment, or what the impact might…
    View Resource

    Effective Employee Communications

    Today, more so than any other time, businesses focus heavily on engaging customers, the media, investors, community members, and analysts — or some combination of them. But with so much…
    View Resource

    Social Media Marketing

    Leveraging social media marketing can increase your customer base significantly. According to the Pew Research Center’s 2018 Social Media Fact Sheet, social media usage among American adults has grown from…
    View Resource

    Maintaining a Work/Life Balance

    Maintaining a balance between your work life and personal life was a lot easier in earlier times it seems. Today, however, maintaining this balance is not as simple, since work…
    View Resource

    Calculate Your Email Marketing ROI

    Email marketing has become a popular and cost-effective method for reaching prospects and generating revenue. Like any marketing expense, its important to understand the return that you’re making on such…
    View Resource