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First Choice 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

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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