Access Your Business Funds Easily with a Savings Account
Saving money isn’t just a sound financial strategy for individuals. Businesses also need a savings plan in place to grow and flourish. With Farmers & Merchants Bank, you may open a business savings account to store your earnings and access it whenever you need it. Having this type of account is necessary as it allows you to:
- Save for Important Business Purchases – Use the money you’ve saved to pay for major purchases, such as equipment and vehicles.
- Cushion an Economic Downturn – The funds you’ve stored in your business savings account will help you weather through tough financial crises or recessions.
- Grow Your Company – Use the saved cash to invest in opportunities that will expand your business.
Open a business savings account with our bank by visiting one of our branches in Indiana.
| Business Savings | Business Money Market | |
|---|---|---|
Description | Business Savings This account allows you to move funds between your checking account and an FDIC-insured interest-bearing account | Business Money Market A limited transaction account. Higher balances earn higher rates and easy access to your funds whenever you need them. |
Minimum Opening Balance | Business Savings $100.00 | Business Money Market $2,500.00 |
Earns Interest | Business Savings Yes | Business Money Market Yes |
Farmers & Merchants VISA ATM Card | Business Savings ATM Card | Business Money Market Yes |
e-Statements1 | Business Savings Yes | Business Money Market Yes |
Paper Statements1 | Business Savings Yes | Business Money Market Yes |
Transaction Limitations | Business Savings 6 convenience Transactions/Month2 | Business Money Market 6 convenience Transactions/Month2 |
Interested? | Business Savings Learn More | Business Money Market Learn More |
- Cost of Service for e-Statements and Paper Statements vary by account and by balance. Please contact Bank Representative for details.
- “Convenient” transfers and withdrawals, for purposes of this limit, include preauthorized, automatic transfers (including but not limited to transfers from the savings deposit for overdraft protection or for direct bill payments) and transfers and withdrawals initiated by telephone, facsimile, or computer, and transfers made by check, debit card, or other similar order made by the depositor and payable to third parties.
Business Savings
This account allows you to move funds between your checking account and an FDIC-insured interest-bearing account throughout the month to maximize balances accruing interest.
Great Benefits of our Savings Accounts:
- ATM Card
- Telephone Banking with Freedom Line
- Automatic Transfer Program ($10 per transfer if accessed)
- Cents-able Savings (with Savings or Money Market)
Business Money Market
A limited transaction account. Higher balances earn higher rates and easy access to your funds whenever you need them.
Great Benefits of our Savings Accounts:
- ATM Card
- Telephone Banking with Freedom Line
- Automatic Transfer Program ($10 per transfer if accessed)
- Cents-able Savings (with Savings or Money Market)