Business Savings and Money Market Accounts

Earn interest on funds while saving for future business plans with our basic Business Savings Account. Or, open a tiered Business Money Market Account with check writing capabilities; the higher the balance, the higher the interest rate. Both accounts provide easy access to funds when needed and the peace of mind knowing they are FDIC insured.

Receive the following with either account:

  • Online Business Banking
  • Direct Deposit
  • ATM Access
  • Notary Services
  • Telebanking
  • Auto Pay with participating companies

Business Savings Account Features

  • $4 monthly service charge
  • Monthly fee waived when you maintain a minimum daily balance of $100
  • $100 minimum opening deposit
  • Withdrawals limited to six (6) each calendar month*
  • An excess item fee of $1.00 will be charged for each withdrawal in excess of three (3) per monthly statement cycle**

Business Money Market Account Features

  • Tier 1: up to $9,999
  • Tier 2: $10,000 up to $24,999
  • Tier 3: $25,000 up to $49,999
  • Tier 4: $50,000 up to $99,999
  • Tier 5: $100,000 up to $249,999
  • Tier 6: $250,000 up to $499,999
  • Tier 7: $500,000 up to $999,999
  • Tier 8: $1,000,000 and greater
  • Earn higher interest rates with higher balance tiers
  • $12 monthly service charge
  • Monthly fee waived when you maintain a minimum daily balance of $1,000
  • $1,000 minimum opening deposit
  • Interest is compounded and paid monthly on the date of your statement
  • Withdrawals limited to six (6) each calendar month*
  • Images returned with statement, at no charge

 

FDIC insurance limit is $250,000 per depositor, per insured bank.

*Federal Reserve Regulation D:  No more than six (6) transfers/withdrawals, including telephone and pre-authorized transfers from your account per calendar month. Withdrawals or transfers by mail, in person and through an ATM are unlimited and are not subject to the 6-transfer/withdrawal limitation.

**Bank of the Cascades Transaction Limitations:  First three (3) transfers/withdrawals on Savings Accounts, including telephone, preauthorized, by mail, in person or through an ATM are at no charge; each withdrawal in excess of three (3) per monthly statement cycle will incur an excess item fee of $1.

For more information, please contact your local branch or our Customer Service Business Specialists at 541-617-6888 or 877-417-6888.