Business Savings

At Glenwood State Bank, our business savings accounts are not just a place to hold your hard-earned revenue. Our competitive rates on our business savings accounts allow you to grow your money. With the flexibility of a savings account, you can keep your assets liquid for the times you need it the most.


Business Savings

  • $5.00 minimum opening deposit required
  • No minimum balance requirements
  • Interest compounded daily and credited quarterly*
  • Statements issued quarterly
  • Six free withdrawals or debits per month

Money Market Savings

  • $2,500.00 minimum opening deposit required
  • $2,500.00 minimum daily balance to maintain Money Market rates*
  • Interest paid on collected balance and compounded monthly
  • Higher interest rates paid for balances over $10,000, $50,000, $100,000, and $200,000

Certificates of Deposit

  • Time Deposits with terms starting at 7 days, up to 5 years
  • $500.00 minimum opening deposit required
  • Tiered interest rates available based on total deposits for balances over $10,000, $25,000, and $50,000

*Rates are subject to change at any time.