Business Savings & Money Market Accounts

Put Your Money to Work for You

When your company’s cash flow is positive, you’re able to keep your business operating with few worries. But if customer payments slow or an emergency occurs, your daily expenses continue. Having cash reserves available helps your organization maintain financial health.

A Business Savings or Money Market account from Sturgis Bank offers you peace of mind that you’ll have funds to navigate the ups-and-downs of business ownership. We’ve made it easier to save money by providing a variety of savings tools for businesses.

All our business savings accounts offer:

  • Low minimum balance requirements
  • Higher yield, variable interest rates
  • Direct deposit

Browse the savings accounts below and Contact our Business Development Office to discuss which account aligns with your financial situation. If you have funds that you can invest for a longer-term, consider our Certificate of Deposit offerings.

Open a business savings account today to get a flexible, cost-effective way to control your finances and helps you achieve your growth goals.

Ultimate Savings

You have a large pool of funds to open an account and seek a higher interest rate.

Statement Savings

You need a savings account that allows a low monthly balance.
 

Super Multiplier Savings
(Money Market)

You want an account with a higher interest rate that allows you to write a few checks.

Features Ultimate Savings Statement Savings Super Multiplier Savings (Money Market)

Opening Deposit

$10,000

$100

$2,500

Minimum Balance to Avoid Service Fee

$100

$100

$2,500

Monthly Service Fee

$2.00 if balance falls below minimum any day of statement cycle

$2.00 if balance falls below minimum any day of statement cycle

$6.00 if balance falls below minimum any day of statement cycle

Interest*

Yes Variable Tiered

Yes Variable

Yes Variable Tiered

Internet Banking and BillPay

Yes

Yes

Yes

eStatements

Available

Available

Available

*Call your hometown banking center for current interest rates. 

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Ultimate Savings

Opening Deposit $10,000

Minimum Balance to Avoid Service Fee $100

Monthly Service Fee $2.00 if balance falls below minimum any day of statement cycle

Interest - Check Rates Yes Variable Tiered

Internet Banking and BillPay Yes

eStatements Available
Statement Savings

Opening Deposit $100

Minimum Balance to Avoid Service Fee $100

Monthly Service Fee $2.00 if balance falls below minimum any day of statement cycle

Interest - Check Rates Yes Variable

Internet Banking and BillPay Yes

eStatements Available
Non-personal Super Multiplier Savings (Money Market)

Opening Deposit $2,500

Minimum Balance to Avoid Service Fee $2,500

Monthly Service Fee $6.00 if balance falls below minimum any day of statement cycle

Interest - Check Rates Yes Variable Tiered

Internet Banking and BillPay Yes

eStatements Available

 

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