Business Savings

Business Savings Accounts

Planters Bank Commercial Savings Accounts earn interest on your money while you are busy running your business. In addition to having personnel available to assist you, Planters Bank provides online and electronic tools for managing and transferring your funds at your convenience.

Compare Business Savings Accounts

Account Name	Why This Account May Be for You	Monthly Fee	Minimum Opening Balance	Allowable Transactions	Extra Features
Basic Business Savings	Convenient way to build extra cash for your business.	$5 (waived with $500 Minimum Daily Balance)	$25	Limit 1 withdrawal per month	Online Banking, Add to your account balance at any time, Limited monthly withdrawals
Business Money Market Account (Tiered)	Build cash reserves for future expenses, income taxes, or a rainy day fund.	$15 (waived with $2,500 Monthly Daily Balance)	$100	Unlimited withdrawals/transfers allowed in person, by mail, by messenger, or at any ATM; 6 pre-authorized or third-party transactions per month (3 by check)	6 Interest Tiers, Higher interest rates with greater balances, Access to funds at your convenience

Basic Business Savings

A convenient way to build extra cash for your business, you can add deposits to your Basic Savings balance whenever you choose. Transfer funds into Basic Savings by visiting any Planters Bank office or electronically from other deposit accounts using Online Banking, Mobile Banking, ATM, and Telephone Banking.

Features:

$25 Minimum Opening Balance
$5 Monthly Fee (waived with $500 Minimum Daily Balance)
Limit 1 withdrawal per month

Benefits:

Online Banking: Monitor your account balance via any electronic, mobile, or online device, or via telephone banking.
Add to your account balance at any time.
Account Withdrawals: By Federal Guidelines, this account is primarily for savings, but there are provisions to withdraw funds on a limited monthly basis.

Business Money Market Account (Tiered)

If your business needs to build cash reserves for future expenses, income taxes, or a rainy day fund, a Business Money Market Account is a logical solution. The best advantage is Tiered Interest Rates, meaning as your Money Market balance grows, your interest rate will automatically increase. When you need to access your funds, they are available by writing a check or transferring funds into a transactional account.

Features:

$100 Minimum Opening Balance
$15 Monthly Fee (waived with $2,500 Monthly Daily Balance)
Unlimited withdrawals/transfers allowed in person, by mail, by messenger, or at any ATM
6 pre-authorized or third-party transactions allowed per month (3 by check)

Benefits:

6 Interest Tiers: As your balance increases, your interest rate will automatically increase when you reach a higher tier.
- Up to $24,999
- $25,000 – $49,999
- $50,000 – $149,999
- $150,000 – $249,999
- $250,000 – $999,999
- $1,000,000+
Build Cash Reserves: With a higher interest rate than most checking and savings accounts, this tiered account will grow faster.
Access to Funds: Unlike Certificates of Deposit that lock in your interest rate and your funds for pre-determined periods, you can make withdrawals from your Money Market Account at your convenience.

Ready to Open a Business Savings Account?

Visit any Planters Bank office today to open your Business Savings Account and start building your financial future!

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