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Make your money work harder.

Earn interest on your balances while maintaining full access to your funds with a business savings account. Whether you have a small business and are looking to grow your savings or are an established company with a large balance, Select Bank has a savings account that is sure to work for your business.

In addition to low maintenance fees and healthy interest rates, all business savings accounts come with standard benefits, including online banking features.

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 
$15 monthly service charge. To avoid the monthly service charge, maintain a minimum daily balance of $1,000 or $2,500 average daily balance. Excessive withdrawals may result in account being converted to a Small Business Banking Checking account. Six transfers or withdrawals allowed per statement cycle, $4 for every transfer/withdrawal above six. Fees may reduce earnings. $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 Commercial Sweep Account feature.  A target balance is established in your checking account and each night any funds over the target balance are swept into another account that earns competitive interest rates. Contact your customer service representative for more information. Funds are insured up to the FDIC limit, and excess funds are backed by the strength of Select Bank & Trust.