Business Savings Options

Security State Bank knows how important it is for you and your business to save and invest today for tomorrow’s needs and dreams.  Our business savings accounts offer competitive rates and terms that fit your business, and are designed to maximize the return you can earn on your "excess funds investment" in a particular savings account.  Our accounts will allow you to focus on your business while having the confidence that you have selected the right account to keep your business running smoothly.

REGULAR BUSINESS SAVINGS

HI-FI SAVINGS

Get a Higher Rate of Return On Your Savings!

REPURCHASE AGREEMENTS

OPTION ALLOWING FOR-PROFIT CORPORATIONS TO EARN INTEREST ON EXCESS FUNDS

Contact a Security State Bank officer to inquire if your business account balances and activity warrant this type of account!

Account Name Opening Deposit Interest Paid Minimum Daily Balance Required Maintenance Fee Additional Information
REGULAR BUSINESS SAVINGS $50.00 Yes** – Compounded Daily & Paid Monthly $25.00 None
  • Customer receives statement at least semi-annually
  • Unlimited in-person transactions
  • Electronic withdrawals, telephone transfers and Online Banking transfers limited to 6 per month
  • Free Online Banking
  • Free 24 Hr. Telephone Banking
HI-FI SAVINGS $2,500.00 Yes** – Compounded Daily & Paid Monthly $2,500.00 None
  • Minimum withdrawals of $250.00
  • Maximum of 6 withdrawals per month – 3 may be by telephone
  • Customer receives monthly statement
  • Free Online Banking
  • Free 24 Hr. Telephone Banking
  • Tiered Interest Rate Structure
REPURCHASE AGREEMENTS * Yes** – Compounded Daily & Paid Monthly *Balance determined by amount of funds swept in from or swept out to Managed Funds Checking Account, on a daily basis None
  • Funds maintained in Repurchase Agreement account are not FDIC Insured
  • Customer receives monthly statement
  • Unlimited in-person and electronic transactions are allowed
  • Free Online Banking
  • Free 24 Hr. Telephone Banking

** For current interest rates, contact any Security State Bank staff member.