Business Savings Account: An account which earns interest and is paid monthly.
Saving is not only good for invididuals but it's smart strategy for businesses. The benefits of opening a business savings account include having funds available for larger purchases so that you can avoid paying interest, it provides a financial cushion in the event of a downturn or enables you to expand your business during a period of growth. Regardless of your business goals, having a sound financial and savings plan in place will help increase the long term stability of the company. Some benefits of a business savings account from Iowa Savings Bank include:
- Earns interest1
- Minimum balance of $100 to avoid a monthly service fee
- ATM Cards available upon approval
- Free E-Statements
- Online & Mobile Banking access
- A limited number of debits may apply2
1Interest is compounded and credited monthly. Interest Rates are subject to change daily.
2You may make six (6) transfer from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfer and withdrawals made in person, by messenger, by mail or at and ATM are unlimited.