Business Savings
At State Bank, our Business Savings accounts are specifically tailored to empower and grow your business by offering flexible saving solutions. Our Money Max Savings account is designed for businesses that wish to leverage competitive interest accruals with the convenience of monthly payments. This account is ideal if you're looking to invest business funds while retaining flexible access, without the burden of quarterly calculations. The Money Max Savings account requires a minimum balance of $2,500 to avoid a monthly service charge, ensuring you maximize your savings potential. This approach not only fosters financial growth but also provides stability and substantial ease of management, making it an excellent choice for businesses aiming to enhance their savings strategy efficiently.
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Standard Savings
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Money Max Savings
Standard Savings
Our Standard Savings Account is a basic savings account with a lower service charge than other accounts. It is best suited for businesses wanting to invest smaller amounts of money while maintaining limited access to their funds.
Our Standard Savings account earns interest while maintaining limited access to your funds. A $300.00 minimum balance is required. There is a $5.00 quarterly service charge if the minimum ledger balance falls below $300.00 and there is a $2.00 service charge per withdrawal after three per quarter. There is a limit of six preauthorized withdrawals (including overdraft protection transfers) allowed per statement cycle.
Money Max Savings
This savings account offers a better yield than the Standard Savings and pays interest more frequently. It is best suited for businesses wanting to invest funds into an account with some flexibility and access.
A Money Max Savings account features interest paid to account monthly rather than quarterly as with a Standard Savings. There is no monthly service charge if the account maintains the minimum balance of $2,500.00 in Money Max savings account. There is a $5.00 monthly charge for maintenance imposed if minimum balance falls below $2,500.00 and a $2.00 excessive withdrawal fee per withdrawal or transfer in excess of three per month. There is a limit of six preauthorized withdrawals (including overdraft protection transfers) allowed per statement period.
Should the balance stay below $2,500.00 for 90 days, the Money Max Savings will be converted to a Standard Savings Account.