If your business needs ready access to cash, stash your extra funds in our simple savings account and earn interest on your hard-earned money. Just maintain a minimum balance of $100 to avoid paying the $6 monthly service charge.
Smart Money Market
Our Smart Money Market account is also a smart business decision, especially for larger deposits. Your FDIC-insured funds will earn higher rates than in a typical savings account, plus you can easily avoid minimum-balance-based monthly fees.
Simply set up and maintain a monthly incoming automatic transfer from another Bank Independent account to:
- Open a Smart Money Market account with a minimum opening balance of $1, and
- Avoid a monthly service charge
If you don't want to set up a monthly transfer from another BI account, you can still enjoy a Smart Money Market with:
- A minimum $10,000 opening deposit, and
- A monthly service charge of $15 if your balance dips below $10,000
Certificate of Deposit (CD)
A Bank Independent CD is an excellent way for businesses to turn savings into earnings. The secure rate ensures maximum returns with minimum risk. Choose from short- or long-term CDs and fixed or bump rate options.
Simplify savings by enrolling in Bank Independent's Smart Swipe program, where we round up change from your Bank Independent Debit Card purchases to the next dollar and deposit that into another BI account of your choosing. Learn how a little change can add up to a lot of savings and enroll in Smart Swipe here
Here's how Smart Swipe works:
- Use your Bank Independent Debit Card for a purchase.
- We'll round up that amount to the nearest dollar.
- We will automatically deposit the difference into your designated account
Smart Swipe Examples
|Use Your Debit Card to Buy
||We Will Round It Up To
||And Then Transfer
||Watch Your Balance Add Up
|At the end of the business day, we'll transfer your savings to your designated account