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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 & withdrawals^

EagleFlex Savings

A savings account designed for small businesses and sole proprietors, which includes the ability to deposit and withdraw funds, as well as transfer funds online.

NONE 
with a minimum daily balance of $300+, combined account statements, or eStatements
- OR - 
$12/quarter service charge
Competitive Interest Rate
Unlimited in-person or ATM*

Business Money Market

For corporations that may keep a lower savings balance, but would like to earn a competitive tiered interest rate.

NONE
with a minimum daily balance of $1,000+
- OR -
$12/month service charge
Tiered interest rate based on account balance
Unlimited in-person or ATM*

EagleAdvantage Money Market

For businesses with a higher balance and volume of activity.

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* 

EagleFlex Savings

A savings account designed for small businesses and sole proprietors, which includes the ability to deposit and withdraw funds, as well as transfer funds online.

Service charge+ & minimum balance
-
NONE 
with a minimum daily balance of $300+, combined account statements, or eStatements
- OR - 
$12/quarter service charge
Interest
-
Competitive Interest Rate
Deposits & withdrawals^
-
Unlimited in-person or ATM*

Business Money Market

For corporations that may keep a lower savings balance, but would like to earn a competitive tiered interest rate.

Service charge+ & minimum balance
-
NONE
with a minimum daily balance of $1,000+
- OR -
$12/month service charge
Interest
-
Tiered interest rate based on account balance
Deposits & withdrawals^
-
Unlimited in-person or ATM*

EagleAdvantage Money Market

For businesses with a higher balance and volume of activity.

Service charge+ & minimum balance
-
NONE 
with a minimum daily balance of $10,000+
- OR -
$15/month service charge
Interest
-
Tiered interest rate based on account balance
Deposits & withdrawals^
-
Unlimited in-person or ATM* 

Other Savings Products

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)

Keep large deposits insured with CDARS®

With CDARS, you can access FDIC protection on multi-million dollar CD investments through Independent Bank. CDARS can be a valuable cash management or longer-term investment tool.

Why CDARS?
It’s one-stop shopping. With help from CDARS, you can expect:

  • Safety – your money can access multi-million dollar FDIC insurance coverage.
  • Convenience – you work directly with us. You earn one interest rate, and receive one regular statement and one year-end tax form.
  • Community Investment – the full value of your money can support lending opportunities in your local community.
  • CD-Level Rates – your money earns CD-level returns, which may compare favorably with other investment alternatives, including Treasuries and money market funds.
How does CDARS work?
We are a member of a special network. When you place a large amount with us, we place your funds into CDs issued by other banks in the same network in increments of less than the standard FDIC insurance maximum, so that both principal and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one.
 
These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank. Your deposit is still local, which means we can make the full amount of your deposit available for community lending purposes.
 
What else should I know?
CDARS saves time. Now, you no longer have to spend time managing multiple bank relationships. Plus, you no longer need to monitor changing collateral values, and your confidential account information remains protected.
 
Ask us how CDARS can work for you the next time you visit one of our offices, or contact CDARS expert Jaime Macumber at 248.743.4039.
 
Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement, which contains important information and conditions regarding the placement of funds by us in amounts under the FDIC maximum. CDARS is a registered service mark of Promontory Interfinancial Network, LLC. Let us know if this benefit is important to you so we can explain the relevant terms and conditions in more detail.
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. Visit our Treasury Management page for a full description of our products. We offer sweep accounts, lockbox services, merchant bankcard services, account analysis, and much more.

+Other fees and restrictions may apply.
^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 (6) 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 are managed through business online banking.