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Business Savings Accounts
Build a stronger financial foundation for your business with our flexible and secure savings account options. Whether you're setting aside funds for the future, unexpected expenses, or new opportunities, we’re here to help you succeed.
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Statement Savings
Boost your business's financial health with our Statement Savings account. Offering competitive interest rates and easy access to your funds to help you save for the future.
Premier Money Market Savings
Looking for higher interest rates without locking up your business's funds? Empower your business growth today with our Premier Money Market Account.
FAQs
Below are some frequently asked questions we would want to know the answer to when deciding on a savings account. If we didn’t answer your specific question, give us a call today!
Interest is calculated daily based on your account balance and credited monthly or quarterly depending on the type of savings. The interest rate may vary depending on the type of savings account and our policies.
Yes, you can withdraw money at any time, but transaction limits may apply depending on the account.
Yes, each account is FDIC-insured up to $250,000.
If you withdrawal all your money in your account within the first 6 months of opening, then you will be charged a fee of $30.00.
To open a savings account you will need your driver's license, social security number, and proof of address. Visit us at a branch today to open an account!
Still have questions?
Give us a call so we can help!
Statement Savings
Maximize your growth potential with our Business Statement Savings account, designed to help you save while earning interest.
Features
Competitive interest rate*1
Access your money when you need it without withdrawal penalties
Unlimited Metamora State Bank ATM transactions at no charge
Requirements
A minimum of $25.00 to open the account
A charge of $30.00 will be applied if the account is closed within 6 months of opening
A monthly maintenance fee of $3.00 unless one of the following conditions is met:
- Maintain a minimum daily balance of $200.00
- OR you are under the age of 18
- OR you are over the age of 62
- OR you are a full-time student
This interest-bearing savings account accrues interest daily and credits interest quarterly*1. If you close your account before interest is credited, you will not receive the accrued interest.
The following transaction limitations do apply:
- You may make only six (6) preauthorized transfers or over the counter withdrawals from your account per month. Preauthorized transfers include telephone transfers and automatic deductions and will be considered paid in the month they are posted to the account
- A charge of $5.00 per transaction over the limit
Premier Money Market
Boost your business growth with our Premier Money Market account, offering secure deposits and easy access to your funds.
Features
Competitive tiered interest rate depending on your balances*2
Account Details
A minimum of $1,000.00 to open the account
A charge of $30.00 will be applied if the account is closed within 6 months of opening
A monthly maintenance fee of $10.00 unless the following condition is met:
- Maintain a minimum monthly balance of $5,000.00
Interest accrues daily and is credited monthly.*2 If you close your account before interest is credited, you will not receive the accrued interest
The following transaction limitations do apply:
- You may make only six (6) preauthorized transfers or withdrawals from your account each statement period, which may be checks, drafts, debit card (if applicable) or other payments to third parties. In addition to checks, preauthorized transfers include telephone transfers and automatic deductions set up with third parties. Automatic deductions and checks will be considered paid in the statement period they are posted to the account
- A charge of $5.00 per transaction over the limit (check, preauthorized transfer, electronic debit, or withdrawal)
Disclaimers
*1 These accounts pay interest at a variable rate and rates may vary based on the balance in your account. We may change the interest rate and annual percentage yield at our discretion and as often as daily. There are no limits on the amount that the interest rate or annual percentage yield may change. We use the daily balance method to calculate the interest on accounts. We apply the daily periodic rate to the principal balance in the account each day. Interest begins to accrue on the business day we receive credit for your deposit of non-cash items (for example, checks).Interest accrues daily and is credited to your account quarterly (March, June, September, and December). If you close your account before interest is credited, you will not receive the accrued interest.
*2 These accounts pay interest at a variable rate and rates may vary based on the balance in your account. We may change the interest rate and annual percentage yield at our discretion and as often as daily. There are no limits on the amount that the interest rate or annual percentage yield may change. We use the daily balance method to calculate the interest on accounts. We apply the daily periodic rate to the principal balance in the account each day. Interest begins to accrue on the business day we receive credit for the deposit of non-cash items (for example, checks).Interest will be compounded monthly and is credited to your account monthly. If you close your account before interest is credited, you will not receive the accrued interest.
Locations
Visit us at either Metamora, Sylvania, or Maumee! We're excited to see you!
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