You think about your business's checking account all the time. You use it almost everyday, and you study it relentlessly. You may not realize, however, that your business's savings account is equally important. Having a Business Savings account from Home Federal allows you to prepare for unexpected situations, safely store your hard-earned money out of the reach of company credit/debit cards, and earn interest on your funds.
Compare Home Federal’s Business Savings solutions using the chart below.
For more information on a particular account, click on the account title.
| Commercial Basic Savings | Business Money Market | Commercial Preferred Money Market | Certificates of Deposit (CDs) | |
|---|---|---|---|---|
| Description | Regular business savings for everyday purposes. | An interest-earning savings account with lower minimum balance and debit restrictions. | An interest-earning savings account for larger amounts with higher minimum balance and debit restrictions. | Higher interesting-earning savings for a set amount of time during which funds are not accessible. |
| Monthly Service Fee | $3.00 (Options to waive) | $10.00 (Options to waive) | $25.00 (Options to waive) | |
| Minimum Opening Deposit | $50.00 | $1000.00 | $25,000.00 | $2,500 |
| Deluxe Checks | • | • | ||
| Tiered Interest Rate | • | • | • | |
| Learn More | Learn More | Learn More | Learn More |
To learn more, or to apply for a Business Savings account, please contact one of our local business banking experts.