SAVINGS & MONEY MARKET

Making the right choices is the key to running a successful business. Make one right now...by choosing the Institution for Savings for your savings needs.

For businesses that maintain higher balances and desire premium rates and liquidity, Institution for Savings offers Business Savings and Business Money Market Accounts.

Statement Savings

We pay competitive rates of interest on your savings account that increases with your monthly balances. A $10 Monthly Service Charge is assessed when your balance drops below $1,000. A per item fee will be assessed for statement savings transactions in excess of 6 preauthorized, automatic, telephone banking, internet banking transactions or 3 ATM point-of-sale transactions per month.

Preferred Savings

This savings account pays a premium rate of interest for balances of $50,000 or more. A $50,000 minimum balance is required to open and avoid a $10 monthly service charge. A per item fee will be assessed for preferred savings transactions in excess of 6 preauthorized, automatic, telephone banking, internet banking transactions or 3 ATM point-of-sale transactions per month.

Business Money Market Account

For customers that desire premium rates and require limited access to their funds, our Business Money Market Account pays competitive rates of interest based on your balance. A per item fee will be assessed for money market transactions in excess of 6 preauthorized, automatic, telephone banking, internet banking transactions or an aggregate of 3 checks, drafts, debit card, ATM point-of-sale transactions, or similar order to third parties per calendar month. A $10 monthly service charge is assessed if your balance drops below $2,500.

Other Business Services

To learn more about other services provided through our Business Banking please click here

For more information, call us today at (978) 462-3106 or (978) 356-3600, or email us today.

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