Business Savings Accounts

Some businesses need long-term steady investments for the future, while others need short-term accounts where they can access funds quickly. Whatever your company’s goal, Jefferson has a business savings account that meets your objective.

Now it’s simply a matter of selecting the account with the features that meet your business needs.

Business Savings Options

  • Business High Yield

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    Get the most out of your significant savings with our premier, high yield product. Our High Yield Savings Account pays tiered, variable interest and has no withdrawal or transaction fees.1 This account is great for overdraft protection.

  • Business Money Market Account

    Money Market

    Money Market

    Competitive rates and interest that compounds monthly make our Business Money Market Account an option to earn you even more on your money. Please visit any of our banking centers for a complete fee schedule.

  • Business Savings

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    Jump start your business’ savings base with this flexible traditional savings account option. This account is designed to meet the basic saving needs of any business customer.1

Features
Business High Yield
Money Market Account
Business Savings
Minimum opening deposit
$1000
$200
$50
Monthly Service Charge
No monthly service charge with $25,000 required minimum balance.

$25 monthly service charge if balance falls below $25,000.
No monthly service charge with $1000 required minimum balance.

$10 monthly service charge if balance falls below $1000.
No monthly service charge with $500 required minimum balance.

$5 monthly service charge if balance falls below $500.
Interest Earned
Tiered, variable interest earned on minimum $1000 daily collected balance.
Interest earned on any daily collected balance.
Interest earned on any daily collected balance.
Withdrawals
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One free withdrawal per month.

Each additional withdrawal is $2.
Free ATM/Check Cards
Free Online & Mobile Banking1
Free Bill Pay
Free automated phone banking with Jeff-Line
Free check images
Free combined monthly statements
Can be linked as overdraft protection to another Jefferson Bank account

Federal regulations limit the number of transfers from a savings account to another account or to a third party by pre-authorized, automatic, telephone or computer transfer, or by check, draft, debit card or similar order, to six per month or statement cycle.

1While Jefferson Bank does not charge fees for the use of mobile banking, standard internet service rates may apply. Check with your mobile service provider for details.

Certificates of Deposit (CDs)

  • CD

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    Guaranteed rates and FDIC protection combine to make Jefferson Bank CDs a sound, sensible way to protect and grow your money. Automatically renewable, our CDs pay competitive rates with varying terms available to match your investment needs.

    Minimum Opening Deposit

    • Regular CD: $1,000
    • Jumbo CD: $100,000
    • $1,000 minimum daily balance required to obtain the advertised Annual Percentage Yield (APY).

     

    See Rates

    Penalty may be imposed for early withdrawal.

  • Triple Option CD

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    This exclusive Jefferson Bank savings product offers the freedom and flexibility of a savings account with the interest advantages of a CD. If rates go up, you can adjust your rate once during the term of your CD, and you can withdraw up to 25% of your investment without penalty.

    Features, Rates and Fees

    • Increase your rate once during the term
    • Make additional deposits to the CD, anytime
      • $1000 minimum required for additional deposits
    • Withdraw up to 25% of the CD without incurring a penalty
    • Additional withdrawals beyond the one permitted are subject to early withdrawal penalties.

    Minimum opening deposit:

    • Regular CD: $5,000
    • Jumbo CD: $100,000
    • $5,000 minimum daily balance required to obtain the advertised Annual Percentage Yield (APY).

    See Rates

    Penalty may be imposed for early withdrawal.

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