Business Savings Accounts

Business Money Market

Helping your business earn more.

Get the ideal blend of growth and liquidity to address any business expenses or create a financial cushion. The larger your balance, the more interest you'll earn with our tiered interest rates.

  • Minimum deposit of $1,000 to open (maintain a $1,000 balance to avoid a monthly service charge)
  • Unlimited withdrawals in person or with a Florence Bank Debit Card
  • Up to six third-party transfers per statement cycle
  • Limited check-writing capabilities
  • Compatible with our Business Online Banking and Online Cash Management Services
  • Deposits are fully insured with FDIC and Depositors Insurance Fund (DIF) coverage

Rates as of 10/26/2020
All rates subject to change without notice.
Business Money Market Annual Percentage Yield (APY) Annual Interest Rate Minimum Deposit To Open Minimum Balance To Obtain APY
Tier 1 0.05% 0.05% $1,000 $10
Tier 2 0.05% 0.05% $1,000 $25,000
Tier 3 0.10% 0.10% $1,000 $100,000
Tier 4 0.15% 0.15% $1,000 $500,000
*Fees may reduce earnings. The interest rate and APY may change after the account is opened.
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