Business

Business Savings Options

Call for today’s rates!

Features
& Benefits
Corporate Savings
An interest-bearing savings account with multiple features and benefits.
Certificates of Deposit (CD)
3 months to 5 years
Competitive rates on a variety of CD terms from 3 months to 5 years.
Business Money Market
An interest-bearing account that gives you flexibility and earnings on your funds.
Corporate Money Market Plus
For customers with an operating deposit account at FSB, earn a higher rate of interest on your balances.
Open With...$100$1,000$1,000$1,000
Monthly Service Charge$4/month if balance falls below $300None$10/month if balance falls below $1,000$10/month if balance falls below $10,000
Withdrawal LimitsUp to SIX pre-authorized withdrawals, checks, and debits per monthN/AUnlimited in-bank withdrawals
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Unlimited in-bank withdrawals
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Up to 6 pre-authorized withdrawals per month
Earns Interest
Free Online Banking
Electronic Statements
Remote Deposit available
Corporate Savings

This basic savings account for small businesses offers easy access and earns competitive market interest rates.

  • Earn interest on your account balance. Interest compounds and is paid quarterly.
  • No monthly fee for balances over $300 ($4/month fee if minimum monthly balance is less than $300).
  • Make up to SIX pre-authorized withdrawals, checks, and debits per month
  • Free Online Banking and Electronic Statements
  • Open with $100
Certificate of Deposit (CD)

Want to invest in a secure deposit account? First State Bank offers competitive rates on a variety of CD terms from 3 months to 5 years. Please call us today to hear our up-to-the-minute rates and CD specials.

  • All CDs can be opened with a minimum balance of $1,000.
  • You will have ten calendar days after maturity of the CD to withdraw funds or make changes without penalty (interest does not accrue in that time frame if not rolled over)
  • Monthly and quarterly interest checks or interest transfers to a First State Bank deposit account are available (preferably with CD balances of $5,000 or more).
Business Money Market Account

If you keep higher balances in your checking account, put these funds to work earning interest for your business!

  • Earn interest on your account balance. Interest compounds and is paid monthly
  • No monthly fee for balances over $1,000
  • Unlimited in-bank withdrawals
  • Free Online Banking and Electronic Statements
  • Open with $1,000
  • Make up to SIX pre-authorized withdrawals, checks, and debits per month
Corporate Money Market Plus

You can maximize your earnings with this high-interest money market account. With a balance of $10,000 or greater, you avoid a $10 monthly fee. Businesses who qualify for this account must:

  • Have an operating deposit account at First State Bank
  • Be enrolled in business online banking and elect to receive e-statements
  • Earn interest on your account balance. Interest compounds and is paid monthly.
  • No monthly fee for balances over $10,000
  • Unlimited in-bank withdrawals
  • Free Online Banking and Electronic Statements
  • Open with $1,000
  • Make up to SIX pre-authorized withdrawals, checks, and debits per month
Health Savings Accounts

If you choose to offer a High-Deductible Health Plan (HDHP) to keep your business’s health insurance costs down, your employees may benefit from a Health Savings Account!

What Is a Health Savings Account (HSA)?

A Health Savings Account (HSA) is a tax-favored savings tool that is linked to a high-deductible health insurance plan.

Individuals, their employers, or both, can contribute funds each year to the HSA. Contributions, interest and investment earnings are tax-free.

The account owner can use the funds to pay qualified medical expenses, or simply let the funds grow tax-free.

Benefits of an HSA

  • Employees have complete ownership and control of their HSA, so you don’t have to maintain or audit the accounts
  • Low annual maintenance fee of only $20
  • Free online banking, electronic statements, and a debit card for easy purchases

Consult with a competent business advisor to determine if the HSA/HDHP option is right for your business. If your business decides to offer an HSA-compatible HDHP, don’t forget to offer Health Savings Accounts with First State Bank!

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636-940-5555