Save How You Want For Your Business
Whether you have a specific goal for you business, or you're saving for a rainy day, every business owner needs a savings account built for their business. Community State Bank offers two savings options for business owners to choose from - business savings account and business money market account. Each of these accounts offers their own unique benefits to our customers. To find out which account is right for you, or to start the process of opening a business savings account, please contact your local Community State Bank office.
Your Business Savings Options
Feature | Business Savings Account | Business Money Market Account |
|---|---|---|
Who this account is for... | Business owners seeking a traditional savings account for their business's funds. | Business owners capable of maintaining higher balances and looking for tiered interest rates. |
Opening Deposit | $100 | $2,500 |
Minimum Balance Requirement | $100 | $2,500 |
Fees | $2 minimum balance fee per statement cycle $1 per item fee for certain debits* (in excess of six during the month) | $10 minimum balance fee per statement cycle |
Benefits | Interest-bearing | Interest-bearing |
*Transfers from a savings or money market savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six during one calendar month or statement cycle. Not for use as a business deposit account.