Business Savings & Investment Accounts
Beneficial Ownership
FinCEN Beneficial Ownership Ruling
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Savings Options Tailored For Your Business
Whether you’re just starting out or are well-established, First State Bank has savings options to grow your business with competitive rates.
Our business savings and investment accounts help businesses and organizations set aside money for future use, much like a personal savings account. Find out how much you can save with today’s interest rates.
Corporate Savings
This basic savings account for small businesses offers easy access and earns competitive market interest rates.
- Earn interest that compounds and is paid quarterly1
- Minimum deposit to open: $100
- No monthly charges for balances over $300 ($4 per month charge if minimum monthly balance is less than $300)
- $0 for e-statements, $2 for paper statements4
- Make up to 6 scheduled in advance withdrawals, checks & debits per month (First 2 withdrawals are $0; after that $1 per withdrawal)
- Digital banking tools
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 2 years.2
- You will have 10 calendar days after the CD maturity date 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 & interest transfers to a First State Bank deposit account are available.
Business Money Market Account
Make the most of your money & grow your business savings.
- Earn interest that compounds and is paid monthly1
- Minimum deposit to open: $1,000
- No monthly charges for balances over $1,000; unlimited in-bank withdrawals; make up to 6 scheduled in advance checks, and debits per month5
- $0 for e-statements, $2 for paper statements4
- Business debit card
- Digital banking tools
Opening a business savings or investment account is simple.
Health Savings Accounts (HSA)
Do you offer high-deductible health savings plans to your employees? Check out our HSA accounts.
1 The Annual Percentage Yield (APY) may change at any time, at our discretion. Charges may reduce earnings. Interest is calculated using the daily balance method and begins to accrue no later than the business day credit is received for the deposit of non-cash items.
2 The Annual Percentage Yield (APY) assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Minimum deposits and balances are required to earn APY and is subject to change at any time. A penalty may be imposed for early withdrawal.
3 Service charges based on the lowest monthly balance.
4 The paper statement charge is $2 per month. For free paperless statements (e-statements), you must activate Digital Banking and sign up for e-statements.
5 Withdraw funds from your account in person at the bank.
6 To take advantage of this offer, you must fund your money market account with a minimum deposit of $25,000 or $50,000 transferred from another bank. Offer activation as of January 30, 2023, and subject to change at any time. Six months after opening the account, the annual percentage yield (APY) is subject to change at any time. Interest paid on full account balance. Required minimum balance to avoid $10 monthly service charge is $1,000.
