Business Banking Account Options

/Business Banking Account Options
Business Banking Account Options2018-08-21T14:58:58+00:00

At Geauga Savings Bank, we understand every business is unique.

small business owner

Whether you’re starting a business or taking your business to the next level…we can help. We will partner with you to help you run your business finances more efficiently and conveniently.

Everything you do is based on your business plan and Geauga Savings Bank can provide the checking account that fits with your plan.

BUSINESS CHECKING OPTIONS:

An ideal solution for a medium-sized business with moderate transaction activity and limited cash handling needs.

Special Business Checking Features:

For additional information on our accounts, please contact us or view our account disclosures.

A great choice to earn interest and still have the convenience of a checking account.

Interest Business Checking Features:

Interest accrued daily on the account balance. For additional information on our accounts, please contact us or view our account disclosures.
Account Name
Minimum to Open
Account Maintenance Fee Interest Earned Avoid Fees
Special Business Checking $50 $0.00
Over 200 debits, $0.35 each
No No minimum balance required
Interest Business Checking
$50 $20 & $0.35/debit Yes $10,000 minimum balance

Your company’s cash flow most likely varies from month to month. At times it may fluctuate slightly, and other months may be a never-ending roller coaster. Either way, you can earn interest on excess funds by depositing them in a savings account, but still have access to them when you need them.

BUSINESS SAVINGS OPTIONS:

Earn great interest rates on this savings account and watch your savings soar.  With this account, the higher your balance, the more interest you earn.

High-Yield Savings Account Features:

  • Minimum to open account $50
  • Competitive tiered rates of interest
  • $1,000 minimum balance to avoid $10 account maintenance fee
  • Free Online Banking
  • Free Telephone Banking
  • Unlimited Over-the-Counter transactions
  • Required minimum balance
Interest is paid quarterly, and may only be withdrawn once posted. For additional information on our accounts, please contact us.

With our Statement Savings, we make savings simple. You can consistently grow
your savings as you maintain access to your money.

Statement Savings Account Features:

  • Tiered Rates of Interest
  • Free Online Banking
  • Free Telephone Banking
  • Unlimited Over-the-Counter transactions
  • 6 Withdrawals per month (Charge for each withdrawal in excess of 6 per month is $8)
  • Low minimum balance to waive monthly fee (fee waived for individuals 17 & under)
  • Minimum to open $50
Interest is paid quarterly, and may only be withdrawn once posted. For additional information on our accounts, please contact us.

With our Statement Savings, we make savings simple. You can consistently grow
your savings as you maintain access to your money.

Money Market Account Features:

Interest is paid quarterly, and may only be withdrawn once posted. For additional information on our accounts, please contact us.
A fee will be assessed for each transfer/withdrawal that exceeds the limit of 6 not including those made by mail, in person, by telephone, with check mailed to you, messenger, ATM or to repay loans with us. Please refer to separate Truth-in-Savings disclosure and fee schedule for additional information about charges.
Account Name
Minimum to Open
Account Maintenance Fee Interest
Avoid Fees
High-Yield Savings $50 $10 Yes $1,000 minimum balance
Statement Savings
$50 $3 Yes $100 minimum balance
Money Market
$50 $6 Yes – Tiered $2,500 minimum balance
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If you have any questions about our Savings Accounts, please contact us today.
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