A business savings account is a deposit account used to earn interest on money that is being put away for future use. It is also a convenient way to be prepared for an unexpected expense.
First National Bank & Trust offers two types of business savings accounts to help prepare for the future, our Regular Non-Personal savings account and our First Premiere savings account. We will work with you to make sure you have the correct account for your savings objectives.
First National Bank & Trust Business savings account allows you to make an unlimited number of in-person deposits and withdrawals with a teller. There is a federally regulated limit of six withdrawals per month when transfers are made electronically, either by phone or online.
Our Business savings account offers a competitive interest rate, with interest payable quarterly. in addition, benefits include:
- No minimum balance required.
- No service charge.
- Unlimited in-person deposits and withdrawals.
First Premiere Savings Account
Our First Premiere Savings account offers even higher interest rates for customers who maintain more than $2,500.00 on deposit. The more you have on deposit, the more you earn. First Premiere Savings accounts are tiered as follows:
- $2,500.00 to $4,999.99
- $5,000.00 to $9,999.99
- $10,000.00 to $24,999.99
- $25,000.00 or more
Additional benefits of our First Premiere Savings account include:
- No minimum balance required, however, if the balance becomes less than $2,500.00, the Regular Savings account rate will apply.
- No monthly service charge.
- Minimum withdrawal is $500.00.