Business Savings Accounts
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 | 0.15% | 0.15% | $1,000 | $10 |
| Tier 2 | 0.20% | 0.20% | $1,000 | $25,000 |
| Tier 3 | 0.30% | 0.30% | $1,000 | $100,000 |
| Tier 4 | 0.40% | 0.40% | $1,000 | $500,000 |
*Fees may reduce earnings. The interest rate and APY may change after the account is opened.
