Business Savings

A business savings account is an excellent way to set aside money for a special occasion, to accumulate funds for one of our other higher-yield accounts, or for a “rainy” day. At Monroe County Bank, you do not need a lot of money to open a business savings account.

Basic Business Savings

Monroe County Bank’s Basic Business Savings account is a good way to start a savings program. With an opening deposit of $200, you receive:

  • NO service charge if a minimum balance of $200 is maintained; otherwise, $2.50/quarterly
  • (6) Six free withdrawals per quarter; otherwise, $1 per withdrawal
  • Interest paid quarterly

Business MoneyMarket

Our MoneyMarket account pays interest and offers you the flexibility to make six (6) debits/transfers in a monthly statement cycle. This is an excellent way of putting your money to work earning interest, while still being able to access your funds. Earn market rates with a low opening deposit of $5,000 and receive the following benefits:

  • Interest is paid monthly based on the daily balance.
  • NO service charge if you maintain a minimum balance of $5,000; otherwise, $7/month
  • $2.00 fee on each debit over six (6) in a month
  • Visa CheckCard (subject to approval)
  • Current Business MoneyMarket Rates