Business Savings

Designed to help you make the most of your dollars, our business savings accounts will help you meet your savings goals.

Service charge & minimum balance

Interest

Deposits & withdrawls

EagleFlex savings

NONE with a minimum daily balance of $100+ or combined account statements

or $10 / quarter service charge

Competitive Interest Rate

Unlimited in person or ATM*

Business money market

NONE with a minimum daily balance of $1,000+ 

or $10 / month service charge

Tiered interest rate based on account balance

Unlimited in person or ATM*

EagleAdvantage money market

NONE with a minimum daily balance of $10,000+

or $15 / month service charge

Tiered interest rate based on account balance

Unlimited in person or ATM*

Save time and money with these great features that are included with all of our business savings accounts:

  • Free Independent Bank debit card**
  • Free business online banking^ and e-statements
  • Free account alerts to help manage your account and debit card
  • Free telephone banking and teller transactions
  • Limited check writing privileges

Treasury Management - choose the services you need

We'll customize a program to meet your needs, so you only pay for the treasury management services that make sense for your business. For a full description of our Treasury Management products visit our Treasury Management page. We offer sweep accounts, lockbox services, merchant bankcard services, account analysis, and much more.

Business certificates of deposit (CDs)

  • Lock into a guaranteed rate of interest
  • Option to choose maturity date
  • Low minimum deposit to open account

Health savings account

A Health savings account (HSA) is a special account owned by an individual in which the funds are used to pay for current and future health care costs on a tax-free basis. The HSA is used in combination with a high deductible health insurance plan (HDHP). Many employers are offering HSAs as a way to lower overall healthcare expenses.

  • Debit card allows for convenient access to funds
  • Minimizes health insurance expenses for employers
  • All contributions to the HSA are pre-tax, lowering the gross payroll and reducing the amount of taxes the employer must pay
  • Provides employees with more flexibility in how they pay for health-related expenses

CDARS® (Certificate of Deposit Account Registry Service)

  • Access to FDIC insurance for multi-million-dollar deposits
  • Lock in rate of interest
  • Terms range from four weeks to five years 

Note: Please refer to our schedule of service(s) and fees for complete information. Some restrictions apply. Includes transfers made online with other Independent Bank accounts. Consult your tax advisor for details.
*Limited to six savings-account withdrawals or transfers per month by federal regulation. However, this limit does not apply to withdrawals or transfers made in person at a branch or ATM.
**Debit card can only be used with business savings accounts if it is also attached to a business checking account.
^Business online banking carries a fee if Treasury Management services that are managed through business online banking are added.