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 can provide you with online and electronic tools for managing and/or transferring your 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. You can transfer funds into Basic Savings by personally visiting any Planters Bank office OR electronically from other deposit accounts by using Online Banking, Mobile Banking, ATM and/or Telephone Banking.

Features:

$25	Minimum Opening Balance
$5	Monthly Fee with opportunity to eliminate fee with • $500 Minimum Daily Balance
$0	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 to be used primarily as a savings account, 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. Perhaps the best advantage is Tiered Interest Rates, which means as your Money Market balance grows your interest rate will automatically increase. However, when you need to get to all or a portion of your funds, they are available by writing a check or transferring funds into a transactional account. ¹

Features:

$100	Minimum Opening Balance
$15	Monthly Fee with opportunity to eliminate fee with • $2,500 Monthly Daily Balance
$0	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 of which may be 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 of time, you can make withdrawals from your Money Market Account at your convenience. ²

Calculator: Simple Savings Goal Calculator

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¹You are allowed up to 6 transactions (transfers or withdrawals) per month, or per cycle of at least four weeks.
²The number of withdrawals that exceed the stated Money Market Account allowance will be subject to fees.