Savings Accounts Focused on Business Owners
Saving is a critical component of any business owner’s financial strategy. But do you have a savings account that allows you to maximize the way you save? At Farmers & Merchants State Bank, we give you options that allow you to save your way for your business. Each of these accounts offers different features to suit your unique savings needs. If you’re ready to open a business savings account, please contact our offices.
Compare Business Savings Accounts
Account | Who Should Use This Account | Minimum Balance to Open | Interest |
|---|---|---|---|
Business Savings Account | Business owners who want a traditional savings account to keep their money. | $200 | Paid quarterly |
Business Money Market Savings Account | Business owners who can maintain higher balances that allow them to take advantage of tiered interest. | $2,500 | Paid monthly |
Premium Business Money Market Account | Business owners who can maintain balances of more than $250,000. | $250,000 | Paid monthly |
Business Platinum Savings Account | Business owners who want a savings account that pays rates similar to a CD. | $100,000 | Paid quarterly |
Introducing....Business Prime Money Market | Business owners looking to collect a higher interest rate than a traditional business money market account, even when their funds are idle. Aimed for those who maintain a balance of $150,000 or more. | $2,500 | Paid Monthly |
