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Holiday Closure - Christmas

Presence Bank will close early at 1:00 on Tuesday, December 24, and remain closed on Wednesday, December 25, in observance of the Christmas holiday. We wish you a very Merry Christmas and a joyful holiday season!

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Business, Not-For-Profit and Municipal Savings

A Better Way to do Business

Our business accounts are created with your best interest in mind — not ours. Simply put, our accounts are designed to help your business prosper.

Whether you’re putting money toward a goal or setting aside money for bills, do it all with a savings account from Presence Bank. 

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About Our Business Savings

With a business savings account, you can put aside excess money and earn interest separate from your regular operating account. These accounts let you save up to achieve business goals or give yourself a fund to pay unexpected expenses. 

In addition to offering an option for businesses, savings accounts can benefit:

  • Not-for-profit: Even as a not-for-profit organization, you can open a savings account. This account gives you a reserve to draw from if unexpected circumstances occur and you need more funds. 
  • Municipalities: Schools, municipalities and other government entities can use these accounts to save for things like emergency repairs or public improvement projects. 

View All Business Savings Solutions

With our savings solutions, you can accelerate your business growth or provide additional support for your municipality or not-for-profit. We offer options for businesses seeking to start saving or those with more financial resources that want savings with higher returns. Our team can even assist you in exploring the details of various options, so you get the right fit. 

Business Money Market

Business Money Market allows easy access to your cash while providing a higher rate of return.

Business CD

A Certificate of Deposit (CD) is a safe and secure investment with a fixed rate of return for your business. 

We Support Businesses in Our Community

Presence Bank has been a community resource for businesses since 1919. Our banking services focus on giving you easy access to the resources you need to prosper. As a local bank, we care about building trusting relationships and getting to know your business, not-for-profit or municipality. Create a long-term bond with us that supports you as you begin and grow. 

One way we support you is through our savings accounts, which let you set aside cash for future use. Our comprehensive business services also include checking accounts, loans and cash management. We’ll help you successfully manage your funds so you can thrive. 

Compare Business, Not-For-Profit and Municipal Savings Features

1 A monthly maintenance fee will be assessed if minimum balance is not met. Please contact a local branch for current rates and fees applicable to each account. Fees may reduce earnings.

 

Business, Not-for-Profit, & Municipal Money Market
Minimum Opening Deposit Requirement $1,000.00
Minimum Balance to Avoid Fees $10,000.00
Monthly Maintenance Fee1 (if balance not met) $10.00
Interest Structure

$0.01 – $2,499.99
$2,500.00 – $149,999.99
$150,000.00 – $249,999.99
$250,000.00 – above
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  Open An Account

1 A monthly maintenance fee will be assessed if minimum balance is not met. Please contact a local branch for current rates and fees applicable to each account. Fees may reduce earnings.

Common Questions About Business Savings

At Presence Bank, we want to help your business prosper. Learn more about business savings with the following questions and answers. 

Yes, Presence Bank offers online applications for business savings accounts. Our application includes details about you and your business, so we have all the information necessary to begin the account creation process. 

A business savings account provides a separate place where you can set aside funds. These accounts have advantages like:

  • Growing savings with interest.
  • Offering liquid access to your assets.
  • Providing insured protection of funds.
  • Giving you a low-risk and cost-effective money management option.
  • Helping you cover tax expenses.
  • Creating a financial cushion that can protect you.

Presence with Purpose.

Set aside the funds you need to support future growth and success with a business savings account from Presence Bank. We’re here for you.

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