Business Savings
To meet our business customer’s savings needs, we offer a wide range of banking services, including a variety of deposit accounts. Whether you are a small business or a large commercial business, we have the Business Savings accounts that put you 1st. See Terms and Conditions Brochure for Additional Limitations.
1st Select Business Savings
- Interest earned on daily ledger balances and compounded quarterly
- Quarterly statement (monthly if Electronic Funds Transfer activity occurs)
- Monthly maintenance fee $3.00 (if minimum daily balance of $300.00 not met)
1st Elite Business Savings
- No maintenance fee
- Interest earned on daily ledger balances of $50,000.00 or more and compounded quarterly
- Tiered interest rates based on balance ranges beginning at $50,000.00
- Tiered structure. $50,000; $100,000; $250,000; $500,000+
- Quarterly statements (monthly if electronic transaction occur)
- See Terms and Conditions Brochure for Additional Limitations
Account Comparisons
| Account Name | Earns Interest | Min to Open | Min to Earn Interest | Online Banking | Statements |
|---|---|---|---|---|---|
| 1st Select Business Savings | Yes | $100.00 | $100.00 | Yes | Yes |
| 1st Elite Business Savings | Yes | $50,000.00 | $50,000.00 | Yes | Yes |
