Business Savings at Sullivan Bank
Regular Savings
Start building your reserved funds with the account. Unlimited deposits can be made. We can even arrange automatic deposits for you. Transfers can be achieved easily in person, online or through our App.
- Balances of $200 or more = no monthly fees!
- Balances below $200 = $2.00 monthly fee.
Business Money Market
This account can be utilized as a reserved funds account, so you may put your excess funds to work for you earning interest. This account offers competitive interest rates, which are based upon tiered balances. The higher the balance, the higher your interest rate. Transfers are limited to 6 per month, and 3 of them can be done by check! Transfers can be achieved easily in person, online or through our App. Contact us for current rate offerings.
- Balances of $2,500 or more = no monthly fee!
- Balances below $2,500 = $10 monthly fee.
Business Certificate of Deposit
A Certificate of Deposit, or CD, is a time deposit offered to gain competitive returns on FDIC insured savings. CD’s are a great choice if looking for a time specific savings need or wanting to diversify overall portfolio risk. You have the decision of how much to invest in the CD as well as the term length. Our CD investment rates, terms and options vary and can be obtained by consulting with an Account Specialist at your local branch. Contact us for current rate offerings.
