Ready to start saving money for your business? You can enjoy a simpler way to save with a Business Savings account. To open this account, you’ll need to maintain a balance of $500 and are allowed six free withdrawals per month. After the sixth, withdrawals will cost $5.00.
Optimum Money Market
We know you’ve poured your heart into your small business. Our Optimum Money market account provides a safe place for your company’s cash, allowing it to earn interest but still maintain flexibility to take care of business expenses. To open an Optimum Money Market account, you’ll need a $2,500 opening balance. You’ll earn tiered interest and are allowed six free withdrawals are allowed per month. After the sixth withdrawal, each withdrawal costs $10.00, and there will be a $0.25 deposited item fee for more than 30 per month.
Certificate of Deposit
A Certificate of Deposit (CD) from Landmark National Bank acts as a savings account for your business. It houses a fixed amount of funds for your business over a certain time period, or term. While keeping your money in a CD means you won’t have access to it until the end of the term (unless you pay early withdrawal fees), you’ll enjoy a higher interest rate than you would in a traditional savings account.
For a Certificate of Deposit, you’ll need a minimum of $500 to start. You can earn interest over a variety of terms varying from 91 days to 60 months.