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. 

    Projecting Your Cash Flow

    Even if a business is profitable, it might fail because it isn’t generating enough cash flow. Money that is tied up in inventory and receivables isn’t available to help the…
    View Resource

    The Basics of Budgeting

    Developing and managing budgets can be a tiresome task for both individuals and companies. Without them, however, you do not know how your business is doing. Nor are you able…
    View Resource

    Managing Cash Flow

    Cash flow is the lifeblood of most businesses. In the ideal world, it circulates smoothly. Customers pay their bills regularly which builds positive cash balances in your books. This cash…
    View Resource

    Selecting the Right Technology and Tools

    Technology is fascinating, changing daily, and confusing all at the same time. It can help keep you organized, handle tedious chores automatically, and connect you globally. It can also cost…
    View Resource

    Naming Your Business

    Your business name is usually a customer’s first introduction to you. Make a positive impression by picking a name that attracts attention and trust. It can be a hair-pulling process…
    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

    Required Employee Benefits

    As an employer and small business owner, you undoubtedly understand the importance offering your employees benefits. For many employees, salary is not the only factor in their decision to accept…
    View Resource