A woman at a desk looks over documents while managing her Freedom Bank business savings account.

Business Savings Options

Choose a savings account that works for you.

At Freedom Bank, we like to give you choices based on your business’ needs. We offer our regular savings account with no minimum balance to businesses, as well as money market checking accounts and certificates of deposit.

Which account is right for my business

Regular Savings AccountMoney Market CheckingCertificates of Deposit

Variable Interest Rate

Yes


Yes


No


No Minimum Balance

Yes


No


No


For Sole Proprietors

Yes


Yes


Yes


For Partnerships

Yes


Yes


Yes


For Corporations

Yes


Yes


Yes


For Organizations

Yes


Yes


Yes

Have a question about business savings?

We’re happy to help.

Regular Savings Account

A business savings account has a variable interest rate and no required minimum balance. Interest is credited each quarter and imaged statements are mailed quarterly. To avoid a service charge, six in-person withdrawals are allowed per quarter. This savings account option is for partnerships, sole proprietors, organizations, and corporations.

 

Money Market Checking

A money market checking account is an interest-bearing account with limited check writing and withdrawals in accordance with Federal regulations. Please refer to the rate sheet for interest rates. This account can be opened by sole proprietors, partnerships, corporations, and organizations.

 

Certificates of Deposit

Fixed rate CDs are available with a minimum deposit of $500.00. Early withdrawal penalties apply.

Other savings accounts designed for your business: