Designed for larger businesses that want to earn a higher interest rate on their balances and maintain full liquidity.
- An initial deposit of $50,000 is required to open this account.
- Avoid a monthly service charge by keeping the minimum daily collected balance.
- Make up to 6 withdrawals and/or transfers against this account per statement cycle*
- Unlimited withdrawals are allowed in person.
- This is a tiered interest rate account. Higher balances pay higher interest.
- Interest is compounded monthly.
- Interest is earned on collected balances over the specified minimum.
- The interest rate is variable.
- Statements are mailed monthly.
Compare Commercial Savings Accounts
* Federal regulations limit you to 6 withdrawal and/or transfers per statement cycle by check, pre-authorized or automatic transfer, draft, point-of-sale debit card, telephone and/or electronic banking.
To find out more about our Commercial Savings options, contact the First Bank location or Cash Management Officer nearest you.