Business Savings Accounts
SENB Bank has been committed to the prosperity of businesses in the Quad Cities, Stateline and our neighboring communities since 1961. We work hard to help you keep your business running as smoothly as possible by providing personal service, high-tech solutions, and innovative products. We are your one-stop-shop for reliable and secure banking services designed for your local business. We help our community grow by guiding local businesses of all sizes through the account opening and lending process. SENB Bank team members are prepared to provide you a “Smart. Easy. Notably Better.” banking experience.
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Speak with a member of our team today to discuss your business banking needs.
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Explore Business Savings Accounts
SENB Bank offers a variety of business savings accounts that meet the unique needs of both small and mid-sized businesses across a variety of industries for your short- and long-term needs. SENB Bank streamlines the business banking process by building relationships with businesses to assist them with all of their banking and lending needs. If you’re looking for commercial savings in Quad Cities and Stateline check out our options below:
Business Savings Account |
Premium Money Market Account |
|
|---|---|---|
| Description | An interest-bearing account for clients who keep a moderate deposit balance | Earn higher interest rates on larger balances |
| Minimum Opening Deposit | $100.00 | $2,500.00 |
| Minimum Balance | $300.00 | $2,500.00 |
| Earnings Allowance | None | None |
| Monthly Maintenance Fee | Unlimited in person; restrictions may apply to other withdrawals | Unlimited in person; restrictions may apply to other withdrawals |
| Earns Interest | $3.00 (if below minimum) Withdrawals unlimited in person; all other withdrawals limited to 6 per month. $10.00 per withdrawal over 6. | $15.00 (if below minimum) Withdrawals unlimited in person; all other withdrawals limited to 6 per month. $10.00 per withdrawal over 6. |
| Activity Charges | None | None |
| Interest | Variable | Variable; tiered rates based on balance |
| Business Banking Online | Optional | Optional |
When you partner with SENB Bank for your business savings account, your business can access multiple support features to manage your business more efficiently, including Online Banking and Treasury Management tools.
What do you need to open your account?
When you visit an SENB Bank location to open a business savings account, you’ll want to bring the following documentation to streamline the process:
- Registration documents, such as Articles of Incorporation / Organization
- Operating Agreement / By-laws
- Employee Identification Number
- Business documents and current Photo ID
Open a Commercial Savings Account Today
Whether you’re ready to open an account or you just need more information, we’re here to help. Fill out the following form and a member of our team will contact you to assist with your request. Thank you!
Questions about Business Savings?
Our Business Banking team is always ready to help you find the right financial solutions to reach your goals. Our team specializes in helping small and mid-sized businesses grow through our suite of banking products and services, and we’re confident that we can help. We put your best interests first and look to build long-term banking relationships to be your one-stop-shop for all of your business banking needs.
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