Business Banking
Business Savings & Money Market Accounts
Make the most of your excess cash flow.
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Start saving toward your business goals.
Earn competitive rates while enjoying the flexibility to access your money when you need it. Get more value and earnings for your business savings, start today.
Rates effective as of January 30, 2025
Business Savings Account
Earn a competitive rate to grow your company’s funds quickly and securely!
- $500 Minimum Opening Deposit
- Competitive interest rate
- Interest compounded quarterly
- Only $200 minimum balance to avoid a monthly fee of $2
- FREE Online Banking
- FREE Business Mobile Banking
- FREE eStatements
Business Money Market Account **
Maximize your earning potential – Earn higher rates on higher balances!
- $1,000 Minimum Opening Deposit
- Competitive interest rate for balances below $24,999.99
- Higher interest rates with balances of $25,000 or more
- Interest compounded quarterly
- Only $1,000 minimum balance to avoid a monthly fee of $10
- FREE Online Banking
- FREE Business Mobile Banking
- FREE eStatements
| Term | APY* | Minimum Opening Deposit |
|---|---|---|
| $250,000 and Above | 4.00% | $1,000 |
| $100,000 to $249,999.99 | 2.50% | $1,000 |
| $50,000 to $99,999.99 | 1.00% | $1,000 |
| $25,000 to $49,999.99 | 0.50% | $1,000 |
| Up to $24,999.99 | 0.25% | $1,000 |
* Annual Percentage Yield (APY) is accurate as of today’s date and may change at any time after the account is opened. Fees may reduce earnings on these accounts. Additional conditions and requirements may apply. See bank for details.
** $10.00 service charge if balance falls below $1,000. Maintenance and activity fees could reduce balance below minimum required to earn interest. Daily interest not paid when balance falls below $1,000. Interest on collected balances paid monthly.
Competitive rates and personalized service make First Bank of the Lake the ideal business banking partner.
We can help your savings grow while you’re busy growing your business.
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