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. 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 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

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 allow 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

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

HSA (Health Savings Accounts)

  • Unlimited transactions allowed. Transactions include checks paid, deposit tickets, checks deposited and ACH credits & debits received
  • Competitive tiered interest rates.
  • HSAs with a daily average balance below $5,000, will be charged a monthly fee of $3

Interest on Lawyer Trust Accounts (IOLTA) Checking

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

For More Information

Visit any of our Banking Offices or please Contact Us.

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