A business savings account is an easy way to prepare for unexpected expenses, set aside tax payments, or retain earnings. You’ll earn interest on your balances while maintaining full access to your funds.
To talk to a business banking specialist, please call (800)811-4190.
Minimum to open: $100
Minimum daily balance: $100
Service fee: $5 for each month balance falls below $100 on any day of the month
Interest rate (Annual Percentage Yield): 0.10% (0.10% APY)
Frequency of compounding & crediting: quarterly
Business Money Market
Minimum to open: $10,000
Minimum daily balance: $10,000
Service fee: $10 for each month balance falls below $10,000 on any day of the month
Interest rate (Annual Percentage Yield):
0.10% (0.10% APY) on balances from $0 to $9,999.99
0.15% (0.15% APY) on balances from $10,000 to $49,999.99
0.20% (0.20% APY) on balances from $50,000 to $99,999.99
0.20% (0.20% APY) on balances of $100,000 or more
Frequency of compounding & crediting: monthly
Required Account Opening Documents
- Employer Identification Number (EIN) or Taxpayer Identification Number (TIN). Sole proprietors may use their Social Security Number.
- Articles of Incorporation, Articles of Organization, charter, or a similar legal document showing when your company was formed. Sole proprietors need an Assumed Name (Doing Business As) Certificate from their county. Business partners need a partnership agreement listing the name of the partnership and all partners.
- A government-issued photo ID and Social Security Number for anyone authorized to sign checks or conduct transactions on behalf of the organization.
In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006 and Federal Regulation GG, this notification is to inform you that restricted transactions are prohibited from being processed through your account relationship with Marine Bank. Restricted transactions are those in which a person accepts credit, funds, instruments, or other proceeds from another person in connection with unlawful Internet gambling.
- Nick Oehmke
Call Nick anytime for a free consultation about how Marine Bank can provide financial solutions tailored to your business. email@example.com 217.726.0602