Business Savings

Business Savings

This straightforward savings account can help put your business in a position to take advantage of opportunities when they arise. Receive a competitive rate and access to your funds when needed.

  • Competitive rates
  • Free online banking
  • Free eStatements
  • Free telephone banking
  • Avoid $3 quarterly service fee by maintaining $300 minimum daily balance
  • $25 minimum deposit to open

Apply Now

Business First Class Money Market

Increase your earning potential without locking up your funds. In fact, access is enhanced with direct check-writing ability.

  • Tiered rate structure
  • Ability to earn higher rate with larger balances
  • Enjoy flexibility with enhanced access to funds including direct check writing
  • Unlimited in-person withdrawals or by mail or ATM
  • 6 free transfers per month via check, telephone, computer, or pre-authorized automatic transfer; $10 fee for transfers in excess thereafter*
  • Free online banking
  • Free eStatements
  • Avoid $10 monthly service charge by maintaining $1,000 minimum average balance
  • $2,500 minimum deposit to open

*By Federal Law, you may make no more than six pre-authorized withdrawals, Internet banking, automatic or telephone transfers, check draft, and debit card or similar transactions from your account per month or statement cycle.

Request Info

Certificates of Deposit (CDs)

Improve your earnings without risking any of your company's cash assets. Simply pick the term and your funds earn a guaranteed fixed rate. By laddering maturity dates, you can add liquidity to your CD investments.

  • Higher returns than savings accounts
  • Fixed rates for length of term
  • Terms range from 3 months to 5 years
  • Early withdrawal penalties apply
  • Minimum deposit to open depends on the selected term

Apply Now

CDARS®

FDIC insurance doesn't have to stop at $250,000. CDARS® offer FDIC insurance on CDs up to $50 million. Plus, the management of your CDs is handled in full by your bank. That way, you gain better rates and peace of mind without inheriting the workload to match.

  • Interest above standard savings, which may compare favorably with other investment alternatives
  • Greater security; multi-million dollar FDIC insurance coverage
  • Convenience; everything is managed internally by First State Bank:
  • One interest rate
  • One regular statement
  • One year-end tax form
  • Flexible maturity periods available
  • Helps support lending opportunities within your local community
  • Full FDIC coverage on amounts up to $50 million

Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS® Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS® and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC

Learn More

To learn more about how CDARS® can benefit you, visit the CDARS® website.

Request Info

Insured Cash Sweep®

Keep multi-million dollar idle funds working in your favor, without sacrificing coverage. An Insured Cash Sweep® keeps your funds managed through one banking relationship you know and trust. At the same time, benefit from full FDIC coverage and higher returns than most other savings or collateralized deposit options.

  • Enjoy increased coverage while also benefiting from increased access to funds and higher returns than other savings options
  • Interest above standard savings, which may compare favorably with other investment alternatives
  • Deposits are sent to other ICS® network banks in amounts less than $250,000
  • Convenience; everything is managed internally by First State Bank:
  • One interest rate
  • One regular statement
  • One year-end tax form
  • Less administrative burden than other collateralized deposits
  • Two convenient options:
  • Insured Cash Sweep® Savings (ICSS) – includes 6 program withdrawals per month and deposits funds to money market deposit accounts
  • Insured Cash Sweep® Demands (ICSD) – Includes unlimited program withdrawals and deposits funds to demand deposit accounts
  • Full FDIC coverage on amounts up to $50 million

Learn More

To learn more about how an Insured Cash Sweep® can benefit you, visit the Insured Cash Sweep® website.

How Insured Cash Sweep® Works

  • Choose from either the ICSS® or ICSD® options or choose both
  • Sign the agreements, use an existing checking or other transaction account (or set one up), and deposit your funds
  • If you choose both the savings and demand options, you will need to have a separate transaction account for each
  • Deposits are sent to other ICS® network banks in amounts less than $250,000.00*
  • Each individual deposit receives interest, plus full FDIC backing
  • As a result, you access FDIC insurance coverage from many institutions while working directly with only your bank

*Deposits are sent to demand deposit accounts with the demand option and to money market deposit accounts with the savings option. The standard FDIC insurance maximum is $250,000 per insured capacity, per bank.

Request Info