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. Talk to a Commercial Lender today and start growing your business savings!


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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

 


Business Savings

  • $5.00 minimum opening deposit required

  • Interest compounded daily and credited quarterly*

  • Statements issued quarterly

 


Certificates of Deposit (CD)

  • 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.