Business Checking & Savings

 

At 1st State Bank, our Business Checking is simple and straightforward. It’s the perfect account for companies with all levels of checking account activity.

 

Business Basic Checking

  • No monthly activity charge
  • No monthly maintenance fee
  • No minimum balance requirement
  • Unlimited transactions allowed. Transactions include checks paid, deposit tickets, checks deposited and ACH credits & debits received
  • Choose from Remote Deposit or Courier Service at no charge

 

Business Plus Checking

  • No minimum balance requirement
  • Competitive tiered interest rates
  • 150 transactions per month at no charge. Transactions include checks paid, deposit tickets, checks deposited and ACH credits & debits received
  • $ 0.25 per item over 150
  • Choose from Remote Deposit or Courier Service at no charge

 

Interest on Lawyer Trust Accounts (IOLTA) Checking

  • Recognized by the Michigan State Bar Association
  • No monthly maintenance fee
  • No minimum balance requirement

 

 

Whether you need a savings account to complement your business checking account or one to use for your longer term goals, we have an account to fit your needs. Earn interest on your excess funds by opening a 1st State Bank savings account. 

 

Business Money Market

  • Unlimited deposits allowed
  • Unlimited withdrawals, if done in person or at ATM
  • Competitive tiered interest rates
  • Minimum balance requirement: $5,000
  • Ability to write a limited number of checks to access your funds
  • Preauthorized withdrawals or electronic transfers are limited to six per month
  • $10 monthly service charge if monthly balance falls below $5,000

 

Business Savings

  • Unlimited deposits allowed
  • Unlimited withdrawals, if done in person or at the ATM
  • Competitive tiered interest rates
  • Minimum balance requirement: $100
  • Preauthorized withdrawals or electronic transfers are limited to six per month
  • $5 quarterly service charge if monthly balance falls below $100

 

Certificates of Deposit

A certificate of deposit is a safe, secure and simple way to set aside fixed amounts for fixed periods of time.

  • Competitive rates and terms
  • Available to businesses, non-profit organizations and municipalities
  • Maturities from 30 days to 10 years
  • Minimum balances starting at $500

 

For more information, visit any of our Banking Offices or please Contact Us.

 


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