Save Your Way for Your Business
No business operates the same way or has the same needs. At Farmers Bank, we know that. That’s why we offer several savings accounts tailored to meet the specific needs of your business. We have an account to help you save your way for your business. Each of our accounts offer the following benefits:
- eStatements
- Online Banking & Bill Pay
- Mobile Banking
*Consult a tax advisor
Visit our office to learn about which business checking account is right for you.
Business Savings Accounts We Offer
Traditional Business Savings Account
Choose this account if you want a basic business savings account.
Account Details
- Minimum $100 opening deposit
- $100 minimum balance requirement
- $5 fee if balance falls below $100 during statement cycle
- Tiered, variable interest rate
Money Market Investor Account
Choose this account if you want to earn higher interest on higher account balances.
Account Details
- Minimum $100 opening deposit
- $1,000 minimum balance requirement
$5 fee if balance falls below $1,000 during statement cycle
- Tiered, variable interest rate
Health Savings Account
Choose this account if you want to offer your employees the option to pay for healthcare and qualified medical expenses.
Account Details
- Minimum $50 opening deposit
- No minimum balance requirement
- No minimum balance fee
- No monthly service fee
- Accounts roll over year to year
- Earn tiered, variable interest rates
- Funds from this account can be used to pay for qualified medical expenses to bridge the gap before your deductible kicks in
- Contributions, earnings and withdrawals are tax-free when used on qualified medical expenses (Consult your tax advisor
Business CDs
Choose this account if you want to earn higher interest for future investments.
Account Details
- $100 minimum opening deposit
- $100 minimum balance requirement
- Early withdrawal subject to penalty
- Customized terms ranging from 3 months to 48 months
- Interest rate varies by term
- Automatic renewals
- 10 day grace period for renewals
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