Managing Short-term and Long-term Financial Needs
FBCO gives you a range of savings options to help you achieve your financial goals. With highly competitive rates and no monthly fees1, these accounts offer a safe investment option, and can be used as overdraft protection on your FBCO checking account.
All FBCO business savings accounts include these great features:
No or low minimum balances
No monthly fees1
Free online banking
Tiered interest rates
Compare Your Options
| Business Savings | Business Money Market | Business Premium Money Market | |
|---|---|---|---|
| Description | Competitive interest rates on low account balances. | Competitive money market interest rates with a low minimum balance requirement. | Rewards higher balances with higher interest rates of return. |
| Initial Opening Deposit Requirement | $50 | $50 | $50 |
| Transaction Fees | None. | None. | None. |
| Minimum Balance Fee | None. | $10 if balance not met. | $10 if balance not met. |
| Balance Requirement to Avoid Minimum Balance Fee | Not applicable. | Maintain an average daily balance greater than $1,000. | Maintain an average daily balance greater than $10,000. |
| Earns Interest? | Yes, based on tiered rates. | Yes, based on tiered rates. | Yes, based on tiered rates. |
| Interest Compound Method | Monthly | Monthly | Monthly |
| Online and Mobile Banking | Free | Free | Free |
| Online Bill Pay | Free | Free | Free |
| Number of Monthly Transactions | Unlimited Deposit; six (6) pre-authorized, automatic, telephone, electronic (including ACH), online and other transfers and withdrawals not made in person at a branch or by an ATM per month, regardless of the method of transfer or withdrawal. | Unlimited Deposit; six (6) pre-authorized, automatic, telephone, electronic (including ACH), online and other transfers and withdrawals not made in person at a branch or by an ATM per month, regardless of the method of transfer or withdrawal. | Unlimited Deposit; six (6) pre-authorized, automatic, telephone, electronic (including ACH), online and other transfers and withdrawals not made in person at a branch or by an ATM per month, regardless of the method of transfer or withdrawal. |
| Excessive Transaction Charges | $2.00 per transaction over six (6). | $2.00 per transaction over six (6). | $2.00 per transaction over six (6). |
| Checkwriting Capabilities | No | Yes | Yes |
| ATM/Debit Card Access | Yes | Yes | Yes |
| ATM/Debit Card Fees2 | No Fees are charged by FBCO; rebate of other bank’s ATM fees on the first six (6) transactions each statement cycle (using transaction posting date). | No Fees are charged by FBCO; rebate of other bank’s ATM fees on the first six (6) transactions each statement cycle (using transaction posting date). | No Fees are charged by FBCO; rebate of other bank’s ATM fees on the first six (6) transactions each statement cycle (using transaction posting date). |
1 As long as minimum balance requirements are maintained.
2 No fees are charged by First Bank of Central Ohio; rebate of other banks’ ATM fees on the first six (6) transactions each statement cycle (using transaction posting date).
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