Business Deposit Accounts

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Downtown Night Cedar Rapids

Checking, Savings, Money Market and CD Accounts for Business

Deposit accounts are the foundation of any business’s finances: they provide a place to hold your cash while providing the right benefits without charging ridiculous fees.

At Fairfax State Savings Bank, our business deposit accounts provide everything you need without the nickel-and-diming. See the benefits of each of our checking, savings and CD accounts, then come by to open your business deposit account today!

Business Checking Accounts

Business Proprietorship Checking

For new entrepreneurs or small business owners; write less than 100 checks per month and deposit less than 400 checks per month.

  • Minimum average monthly balance: $900 ($9 fee if not met)
  • Interest paid and posted to the account depending on the average balance
  • eStatements, online banking and bill pay
  • No frustrating transaction limit fees like most other banks!

 

Corporate Business Checking

For larger businesses or corporations.

  • Customized to your business’s transaction volume and needs
  • Monthly fee is based off your needs and what is fair for your business
  • Monthly fee is the only cost you pay- it covers reporting, analysis, fund transfers, EVERYTHING!

 

Non-Profit Checking

Aimed at helping local non-profits make more of their funds.

  • Every dollar in the account earns Money Market rates
  • Tied directly to a Money Market savings account
  • Interest is deposited to your checking account every month

 

Business Savings Account (Business Money Market Account)

Make your money work for you without tying up valuable cash in a CD with our Corporate Insured Money Market account.

  • Minimum opening deposit: $5,000
  • Earn competitive interest rates every month by keeping average daily balance above $5,000
  • Benefit from added interest to grow your business’s funds while you work

 

Business CD Accounts

Business with the necessary funds can make guaranteed gains with a business CD account from Fairfax State Savings Bank. Protected by the FDIC, business CD accounts range from 91 days to 72 months in length and start with deposits of $1,000 or more.

Stop by Fairfax State Savings Bank today to open a CD account or learn more about how it can benefit your business.