Business Savings
Saving time and money for your business.
It doesn’t take hard work to realize some of the best interest rates for your business. Here are just some of the savings options available to your business:
Business Savings Accounts
Make your saving goals a reality with a business account that offers a competitive interest rate on your balance.
Business Money Market
Looking for more from your business savings? Get more with a money market account.
Business Certificate of Deposit
Accounts available with competitive interest rates and a variety of terms to meet your business needs.
Health Savings Account
Help yourself and your employees pay for current qualified health expenses and save for future expenses
Want to compare these accounts side by side?
Savings Account Comparison
| Account | + | Opening Deposit | Minimum Balance to Avoid Service Charges | Monthly Service Charge | Unlimited Check Writing | Interest Bearing |
|---|---|---|---|---|---|---|
| Business Savings Account | Savings Details | $0 | $100 |
$2 if balance
below $100
|
No | Yes |
| Business Money Market Account | Money Market Details | $0 | $2,500 | $10 if balance below $2,500 | No | Yes |
| Business Certificate of Deposit | CD Details | $500 | $0 | $0 | No | Yes |
| Health Savings Account | HSA Details | $0 | $0 | $0 | Yes | Yes |
Account Details
Business Savings Account
- Variable interest rate account that earns competitive interest
- Only a $2 monthly service charge if minimum balance falls below $100
- Six (6) withdrawals and transfers allowed per month*
Business Money Market Account
- Variable interest rate account offering tiered rates
- Only a $10 monthly service charge if minimum balance falls below $2,500
- Six (6) withdrawals and transfers allowed per month*
*Regulation D limits the type of withdrawals and transfer transactions you can make out of your Savings or Money Market Account to a maximum combined total of six (6) per month or monthly statement period. These transactions include Automatic Transfers, Transfers by Telephone, Fax or Online Banking and Checks or Drafts. Withdrawal and Transfer transaction not limited to six (6) per month are those being made in Person, by Mail, at an ATM or by Messenger. An excessive withdrawal fee of $1.00 may apply for each transaction that exceeds the limit.
Business Certificate of Deposit
- Fixed interest rate for the Term of the Certificate of Deposit
- Various terms available from 3 months to 60 months
- Minimum opening deposit is only $500
Health Savings Account
- Variable interest rate account offering tiered rates
- No minimum balance
- No monthly service charge
- Free box of First Bank logo checks per year
- Unlimited check writing
- Free VISA® Debit Card
- Available with a qualifying High Deductible Health Plan (HDHP) - please consult a High Deductible Health Plan provider regarding eligibility and contribution/distribution requirements.
- Contributions can be made to your personal HSA or to your employees' HSA
- Unused funds are retained and not forfeited at year-end as with some flexible spending accounts