Save for surprise expenses – and opportunities, too.
Plan for the future of your business and rest easy in financial security with savings designed especially for you. Choose from business money market accounts or business savings accounts – connected to your business checking account with mobile banking services and online banking services – and put your money to work with Clear Fork.
Business Savings Accounts vs. Money Market Accounts
Business Savings Account
Business Savings Account
A business savings account is a traditional, interest-earning account that can be linked to your business checking account for easy transfers.
Business Money Market Account
Business Money Market Account
Business money market accounts are also interest-bearing accounts, but often have a preferable rate – with debit card and check-writing privileges.
Be ready for what’s next in business
Are you prepared for opportunities and challenges ahead? There are so many reasons to open a business savings account with Clear Fork Bank:
Unexpected events
Every entrepreneur needs a rainy-day fund for the inevitable surprise expenses that come with running a business.
Equipment replacement
Computers, printers, cash registers, mobile phones, company vehicles, and other business tools need periodic replacement. These purchases can be a breeze with regular savings.
Future projects
When it’s time to expand or evolve your business, having a nest egg tucked away can diminish any growing pains.
Tax payments
Taxes are inevitable – be ready for quarterly or annual tax bills by setting aside a predetermined sum each month.
Earn interest
Keeping some of your liquid funds in a business savings account lets you earn interest on your hard-earned money.
Protect your money
All Clear Fork Bank business savings accounts come with the security of FDIC protection for up to $250,000.
| Business Money Market |
Business Savings |
|
| Minimum deposit to open | $2,500 | $100 |
| Interest-bearing account | Yes | Yes |
| Mastercard debit card | No | Yes, withdrawals only |
| Minimum balance required to avoid monthly service fee |
$2,500 | $100 |
| Monthly service charge | $10 if daily balance falls below $2,500 any day of the statement cycle | $2 if daily balance falls below $100 any day of the statement cycle |
| Account Details* | You may not make more than six (6) limited withdrawals or transfers during a calendar month. There is a $5 per withdrawal fee in excess of the six limited withdrawals during a statement cycle. | You may not make more than six (6) limited withdrawals or transfers during a calendar month. There is a $5 per withdrawal fee in excess of the six limited withdrawals during a statement cycle. |