Industrial Bank has several options for business and organizations who want maximize their earnings on excess or idle funds.

Our savings* accounts offer financial security, competitive interest rates, and maximum flexibility

Business Money Market Savings*

• A minimum monthly balance of $5,000 is required; otherwise, a service charge of $15.00 may be assessed.
• Interest rate tiers
• $5,000 to $9,999
• $10,000 to $24,999
• $25,000 to $49,999
• Over $50,000
• Three (3) withdrawals per statement cycle (a $10.00 fee for withdrawals exceeding 3 per monthly statement cycle)

 *Transfers are limited to no more than six per statement cycle of which no more than three may be by ACH transaction to a third part or ATM/debit card point – of – sale (POS) transaction. Any additional transfers over these limits may incur an additional service charge. For customers who continue to violate these limits after they have been contacted  by the bank, the bank will close the account and place the funds in another account the depositor is eligible to maintain.

Business Savings

• For either long or short-term investment with liquidity
• A tiered rate savings account offering competitive rates
• Two free withdrawals/debits per month
• Unlimited deposits

Business Money Market Account

Designed to maximize earnings for organizations with limited payment needs. Consider this account if you typically keep a large balance but write a few checks each month.

• Check writing privileges - up to six FREE transfers per month from your account, three of these may be by check
• Ready access to your money
• No monthly service fee is charged if the minimum balance is maintained.

Certificates of Deposit (CDs)

CDs are a convenient savings option when you want to know exactly how much your money will earn in a fixed period of time. An Industrial Bank specialist can provide guidance on the option that is right for you.