Select Bank & Trust Homepage
Personal FinanceSmall BusinessCurrent RatesAbout Us

Business Savings & Investments

Business Savings

  • Open for just $25
  • Earn interest on collected balances over $100, with tiered competitive interest rates
  • Allows 6 withdrawals per monthly statement cycle (additional at $5 each)
  • ATM access
  • $10 monthly maintenance fee
  • Can be avoided with:
  • Minimum collected balance of $1,000

Apply for a Business Savings Account


Business Money Market Account

  • Open for just $1,000
  • Earns interest on collected balances
  • Tiered interest rates
  • Allows up to six preauthorized withdrawals per statement cycle at no charge, three of which may be by check, draft, debit card or similar order of withdrawal; above six there is a $5 per item charge
  • Allows unlimited in-branch transfers
  • $10 monthly maintenance fee
    Can be avoided with: Minimum collected balance of $1,000

Apply for a Business Money Market Account


Business Investment Account

  • Open for $25,000
  • Earns interest on collected balances
  • Tiered interest rates - higher balances earn a higher interest rate
  • Allows up to six preauthorized withdrawals per statement cycle at no charge, above six there is a $5 per item charge
  • $15 monthly service charge
    Can be avoided with: Minimum collected balance of $25,000

Apply for a Business Investment Account


Certificates of Deposit (CDs)

  • Open for $500
  • Terms from 7 days to 60 months
  • Automatic renewals with 10-day grace period
  • All CDs allow additional deposits of a minimum of $500 at any time during the term of the CD. The original interest rate and term will apply.
  • One-half of the initial amount of any CD can be withdrawn during the term of the CD without penalty. If more than one-half of the initial amount of the CD is withdrawn, the amount over one-half is subject to penalty for early withdrawal.
  • Ask about current special offers
     

 


Automated Investment Sweep

  • Daily sweep of all excess balances over set minimum threshold
  • Threshold determined by average daily balance
  • Excess daily balance can sweep to investment account or to pay on a commercial line of credit
  • Improves cash flow by putting excess funds to work for you
  • Target balance based on account activity costs