Business Savings
Whether you need long-term solutions, or short-term liquidity, we can help!
What’s your savings plan?
Traditional savings and money market accounts offer liquidity.
For public funds, we offer an Insured Cash Sweep product that allows for multi-million dollar FDIC insurance.
If you’re not sure how to structure your savings or have questions about FDIC insurance, contact our Treasury Management team today.
Money Market Account
Your savings will grow quickly with our Prime Pick Money Market Account. This account is great for both individuals and businesses because of the easy access to your funds and the security provided by FDIC coverage.
Features
- An unlimited number of withdrawals
- FDIC insured
- Earns interest
- Accessible through Online for Business
- Free Mobile Banking
Requirements
- $5,000 to open and earn interest
- $2,500 minimum balance is required to waive the monthly service fee
- $500 minimum withdrawals
Savings Accounts
Our traditional Business Savings Account provides a predictable rate of return while offering liquidity and easy access to cash reserves.
Features
- FDIC insured
- Add to account whenever you wish
- Accessible through Online for Business
- Free Mobile Banking
Requirements
- $25 to open
- $250 minimum balance is required to earn interest and waive the monthly service fee
Certificates of Deposit
For higher rates of return over a guaranteed period of time, certificates of deposit are the way to go. We offer traditional CDs and also the ability to place amounts over $250,000 and still be FDIC insured through our CDARS/ICS products.
Features
- Flexible terms ranging from days to years
- No monthly maintenance fee
- FDIC insured
- Earns interest
- Accessible through Online for Business (to view account information and balances only)
- Free Mobile Banking
Requirements
- $500 to open1
- May carry varying penalties for early withdrawals
1 CD Specials may require a higher opening balance.
CDARS/ICS Products
Explore deposit products that are insured by multi-million dollar FDIC coverage!
CDARS Program
Certificate of Deposit Account Registry Service, or CDARS is the smartest, most secure and convenient way for customers to invest large deposits in FDIC-insured CD’s. It’s especially attractive for public fund managers as it allows you to place all of your funds with one institution without having to keep track of several different statements and rates.
Benefits:
- CD-level returns
- Access to multi-million dollar FDIC insurance
- Freed-up time/significantly less paperwork
- The ability to support local communities
*Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS and Certificate of Deposit Account Registry Service are registered service marks of IntraFi Network, LLC.
Insured Cash Sweep (ICS) Program
A money market that offers the same benefit of the CDARS program in regards to FDIC insurance. This is a great option for Public Funds.
Benefits:
- Enjoy peace of mind. Know that ICS funds are eligible for protection that is backed by the full faith and credit of the federal government.
- Earn interest. Put excess cash balances to work in savings accounts (money market deposit accounts).
- Maintain access to funds. Withdraw ICS funds up to six times per month.
- Save time. By providing access to FDIC Insurance through a single bank relationship, ICS can help your public unit comply with investment policy mandates. And with access to FDIC insurance, you can reduce your ongoing collateral-tracking requirements. This means you can spend more time accomplishing your public unit’s goals.
ICS Demand
A checking account that offers the same benefit of the ICS program in regards to FDIC insurance. Allows for more than 6 transactions per month.
Benefits:
- Enjoy peace of mind. Know that ICS funds are eligible for protection that is backed by the full faith and credit of the federal government.
- Maintain access to funds. Provides more flexibility by allowing more than 6 transactions per month.
- Save time. Working with just one bank and receiving one monthly statement simplifies keeping track of your funds.
Your savings will grow quickly with our Prime Pick Money Market Account. This account is great for both individuals and businesses because of the easy access to your funds and the security provided by FDIC coverage.
Features
- An unlimited number of withdrawals
- FDIC insured
- Earns interest
- Accessible through Online for Business
- Free Mobile Banking
Requirements
- $5,000 to open and earn interest
- $2,500 minimum balance is required to waive the monthly service fee
- $500 minimum withdrawals
Our traditional Business Savings Account provides a predictable rate of return while offering liquidity and easy access to cash reserves.
Features
- FDIC insured
- Add to account whenever you wish
- Accessible through Online for Business
- Free Mobile Banking
Requirements
- $25 to open
- $250 minimum balance is required to earn interest and waive the monthly service fee
For higher rates of return over a guaranteed period of time, certificates of deposit are the way to go. We offer traditional CDs and also the ability to place amounts over $250,000 and still be FDIC insured through our CDARS/ICS products.
Features
- Flexible terms ranging from days to years
- No monthly maintenance fee
- FDIC insured
- Earns interest
- Accessible through Online for Business (to view account information and balances only)
- Free Mobile Banking
Requirements
- $500 to open1
- May carry varying penalties for early withdrawals
1 CD Specials may require a higher opening balance.
Explore deposit products that are insured by multi-million dollar FDIC coverage!
CDARS Program
Certificate of Deposit Account Registry Service, or CDARS is the smartest, most secure and convenient way for customers to invest large deposits in FDIC-insured CD’s. It’s especially attractive for public fund managers as it allows you to place all of your funds with one institution without having to keep track of several different statements and rates.
Benefits:
- CD-level returns
- Access to multi-million dollar FDIC insurance
- Freed-up time/significantly less paperwork
- The ability to support local communities
*Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS and Certificate of Deposit Account Registry Service are registered service marks of IntraFi Network, LLC.
Insured Cash Sweep (ICS) Program
A money market that offers the same benefit of the CDARS program in regards to FDIC insurance. This is a great option for Public Funds.
Benefits:
- Enjoy peace of mind. Know that ICS funds are eligible for protection that is backed by the full faith and credit of the federal government.
- Earn interest. Put excess cash balances to work in savings accounts (money market deposit accounts).
- Maintain access to funds. Withdraw ICS funds up to six times per month.
- Save time. By providing access to FDIC Insurance through a single bank relationship, ICS can help your public unit comply with investment policy mandates. And with access to FDIC insurance, you can reduce your ongoing collateral-tracking requirements. This means you can spend more time accomplishing your public unit’s goals.
ICS Demand
A checking account that offers the same benefit of the ICS program in regards to FDIC insurance. Allows for more than 6 transactions per month.
Benefits:
- Enjoy peace of mind. Know that ICS funds are eligible for protection that is backed by the full faith and credit of the federal government.
- Maintain access to funds. Provides more flexibility by allowing more than 6 transactions per month.
- Save time. Working with just one bank and receiving one monthly statement simplifies keeping track of your funds.
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