At Glenwood State Bank, our business savings accounts are not just a place to hold your hard-earned revenue. Our competitive rates on our business savings accounts allow you to grow your money. With the flexibility of a savings account, you can keep your assets liquid for the times you need it the most.
- $5.00 minimum opening deposit required
- No minimum balance requirements
- Interest compounded daily and credited quarterly*
- Statements issued quarterly
Money Market Savings
- $2,500.00 minimum opening deposit required
- $2,500.00 minimum daily balance to maintain Money Market rates*
- Interest paid on collected balance and compounded monthly
- Higher interest rates paid for balances over $10,000, $50,000, $100,000, and $200,000
Certificates of Deposit
- Time Deposits with terms starting at 7 days, up to 5 years
- $500.00 minimum opening deposit required
- Tiered interest rates available based on total deposits for balances over $10,000, $25,000, and $50,000
*Rates are subject to change at any time.