Business Savings

Business Savings

Select the account you are interested in or view our account comparison chart:

All Select Bank business savings accounts include these features at no charge:

  • Online Banking
  • Bill Pay
  • eStatements

Business Money Market

A Business Money Market account is a great fit for businesses looking for tiered interest rates based on account balance, and checks at no charge.

  • Open with $1,000
  • Interest compounded daily and credited to your account monthly
  • Checks at no charge
  • Allows six preauthorized withdrawals per statement cycle (above 6 there is a $10 per item charge)

$15 monthly service charge. To avoid the monthly service charge, maintain a minimum daily balance of $1,000 or $2,500 average balance. Excessive withdrawals may result in account being converted to a Small Business Banking Checking account. $5 paper statement fee.

Certificates of Deposit (CDs)

We offer a variety of CDs for businesses who want competitive interest rates and flexible terms.

  • Open with $500
  • All CDs are automatically renewable

CDs are for individuals and businesses. No brokered CDs. For rate information contact the branch in your area.

Sweep Account

With a business checking account, you can take advantage of our Sweep Account feature (also known as a Repurchase Agreement). A target balance is established in your checking account and each night any funds over the target balance are swept into an investment account that earns competitive interest rates. Contact your customer service representative for more information. Once deposited into an investment account, funds are not FDIC insured.

 
 

ONLINE BANKING

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