Choose the Account That Works Best for Your Business
From offering quick access to your funds, to accounts that allow you to take advantage of tiered interest rates when you can maintain a higher balance, Bank of Deerfield gives you options when choosing accounts for your business. If you’d like to learn more about how these accounts may be right for your business, stop into our office and speak with our business banking team.
Compare Our Business Deposit Accounts
| Minimum Balance to Open | Per check Fee | Deposit Per Item Fee | Monthly Maintenance Fee | Business Atm/Debit Card | Interest | |
|---|---|---|---|---|---|---|
| Regular Business Checking | None | $0.25 |
$0.03 ON-US Checks $0.05 All Other Checks |
$6.00 | Debit | None |
| Business Statement Savings | None | None | None | $1.00¹ | ATM | Yes⁴ |
| Business Insured Money Market | $2,500.00 | None | None | $10.00² | Debit | Yes⁵ |
| Business Advantage Money Market | $10,00.00 | None | None | $10.00³ | Debit | Yes⁶ |
| Regular Business Checking | Business Statement Savings | Business Insured Money Market | Business Advantage Money Market | |
|---|---|---|---|---|
| Minimum Balance to Open Account | None | None | $2,500.00 | $10,00.00 |
| Per check Fee | $0.25 | None | None | None |
| Deposit Per Item Fee |
$0.03 ON-US Checks $0.05 All Other Checks |
None | None | None |
| Monthly Maintenance Fee | $6.00 | $1.00¹ | $10.00² | $10.00³ |
| Business Atm/Debit Card | Debit | ATM | Debit | Debit |
| Interest | None | Yes⁴ | Yes⁵ | Yes⁶ |
¹ A maintenance fee will be charged if the below $200.00 on any day during quarterly statement cycle.
² A maintenance fee will be charged if the daily balance falls below $2,500.00 on any day during monthly statement cycle.
³ A maintenance fee will be charged on the account if the balance falls below $2,500.00 or if the account has an average daily balance falls below $5,000.00 for the monthly statement cycle. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
4 Interest Chart- Business Statement Savings
| Balance Required | Rate |
|---|---|
| $0.01-over | 0.05% |
⁵ Interest Chart – Business Insured Money Market
| Balance Required | Rate |
|---|---|
| $0.01-$4.999.99 | 0.05% |
| $5,000.00-$24,999.99 | 0.10% |
| $25,000.00-over | 0.15% |
⁶ Interest Chart- Business Advantage Money Market
| Balance Required | Rate |
|---|---|
| $0.01-$9,999.99 | 0.05% |
| $10,000.00-over | 0.15% |