Savings Accounts
Save With Confidence. Grow With Purpose.
Savings Options To Help You Meet Long-Term Goals
Every business has its ups and downs. Just as in your personal life, it’s a good idea to put away some cash for the unexpected. A savings account also gives you time to adapt to a changing marketplace. With a little cushion to fall back on, you have an advantage over your competition and are positioned to take advantage of unexpected opportunities that arise.
Dairy State Bank offers different savings options to meet different needs
Savings
A traditional business savings account is easy to maintain:
- $100 minimum opening deposit
- $100 minimum balance to avoid a $3 monthly service charge
- Earn interest on your account balance
- No ATM transaction fees at Dairy State Bank ATM terminals
Money Market
If you can afford to leave $1,000 in your savings account, a Money Market will provide a higher interest rate than a traditional savings account. Our rates are tiered, so the higher your account balance, the more interest you will earn. Many business owners cap their checking accounts at a certain dollar amount, such as $20,000, and transfer the excess to their Money Market account. This way they keep a higher, interest-earning balance, yet can access those funds if needed.
Account Features:
- $100 minimum deposit to open
- $1,000 minimum balance to earn interest & avoid $15 monthly service charge
- Interest rates tiered at $1,000; $10,000; $25,000; $100,000; $500,000
Certificates of Deposit (CD)
A CD is a great way to gain a higher interest rate when you don’t need access to funds for an extended period. Our interest rates are tiered, so the higher your balance is, the more interest you will earn.
Account Features:
- $1,000 minimum balance to open & earn interest
- Interest rates tiered at $1,000; $10,000; $30,000
- Terms from six months to five years available
- Early withdrawal penalties:
- 180 days interest – CDs 24 months or less
- 365 days interest – CDs over 24 months
