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Business Money Market

Deposit excess cash into this account to earn a competitive rate. A low minimum balance is required each month to avoid a small monthly fee.* Corporations/LLC, Partnerships/LLP, Sole Proprietor/DBA and Non Profit organizations can utilize this savings option.

  • Provides liquidity
  • Minimum opening balance of $100

*$6 monthly maintenance service charge, waived with a minimum daily balance of $500

First Choice Business Money Market

Save Big and Earn Bigger! Stash your excess cash to earn a competitive interest rate with the ability to access your funds when you need them!

  • 0.20% Annual Percentage Yield (APY)
  • This is a variable rate account and the rate may change at any time.
  • Minimum balance to open account is $500.
  • Minimum daily balance to obtain APY is $0.01.
  • $500 minimum balance required to avoid $6 monthly maintenance fee.
  • Fees may reduce earnings. Not available for IRAs.

*$6 monthly maintenance service charge, waived with a minimum daily balance of $50

Term Certificates

Diversify your portfolio with term certificate options that deliver a guaranteed rate of return. When your certificate matures, you can access the money for business expenses or reinvest to continue building your savings.

  • 6 month to 5 year terms
  • Competitive interest rates
  • Interest rate subject to change when term is complete
  • Minimum opening and deposit balance of $1,000

Retirement Accounts (SEP)

Set aside money in a retirement account for yourself and or your employees with a Simplified Employee Pension* (SEP). Two options are available for businesses.

  • Annual contributions of up to 25% of eligible earned or net income*
  • Maximum contribution of up to $56,000*
  • Tax deductible expense*

*Certain restrictions may apply. Consult your tax advisor. Substantial penalty for early withdrawal.

  • Discretionary annual contributions made by employer up to 25% of compensation*
  • In any year an employer contribution is made, all eligible employees must receive a non-discriminatory contribution
  • Tax deductible expense*

*Certain restrictions may apply. Consult your tax advisor. Substantial penalty for early withdrawal.

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