It’s never too early to start saving for your organization’s future so put your money to work for you! At HCN Bank, we offer Business Savings Accounts at competitive rates to suit the specific needs of your growing business. Business Money Market Accounts are also available to increase cash flow for your small business and bolster returns so you can focus on your goal… making a profit!
Business Savings Accounts
HCN Bank would like to help you prepare for your future with long term savings solutions. We offer Traditional and Roth IRAs with fixed and variable terms at competitive rates.
Checking Account Comparison
Product | Business Savings | Business Investor Savings | Business Money Market | Premier Money Market |
Designed for: | Businesses that desire a traditional savings. | Businesses that want higher returns on larger balances and easy access to their funds. | Businesses that want liquidity, with check writing capabilities and the ability to earn interest on their balances. | Businesses that want higher returns and have a qualifying business checking account. |
Key Features and Benefits: | Online Banking Access ATM Access | Online Banking Access | Online Banking Access ATM Access | Online Banking Access Premier Interest Rate |
Activity Limits: | Up to 6 withdrawals per month A $2 withdrawal fee for each withdrawal over 6 per month. | Up to 6 withdrawals per month A $2 withdrawal fee for each withdrawal over 6 per month | None. | None. |
Monthly Service Fee: | 3.00 | $15.00 (if daily minimum is not met) | $10.00 (if daily minimum is not met) | $10.00 (if daily minimum is not met and account is accompanied with a qualifying business checking account) |
Daily Balance: | $300 | $2,500 | $2,500 | $2,500 |
Activity Limits: | $100 | $10,000 | $2,500 | $2,500 |
Interest: | Interest paid quarterly | Interest paid monthly Must maintain a minimum daily balance of $2,500 to earn interest. | Interest paid monthly | Interest paid monthly |
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