Business Savings Accounts For Every Need

Put your idle cash to work for you, earning interest. Richwood Bank’s business savings accounts can take the hassle out of saving, or pay you a higher return for higher balances. The choice is yours!

All saving accounts feature:

  • Free online banking
  • Free mobile banking
  • Free eStatements
  • FDIC Insured

Business Foundation Savings

Take the work out of your savings account. With the Foundation Savings, we track your deposits and interest, so you don’t have to. We’ll update your passbook every time you visit, and there are no fees and no minimum balance requirements.

Highlights

  • No monthly fees or minimum balance
  • Competitive interest rate
  • View your account balance online
  • $50 minimum opening deposit

Business Performance Savings

Make saving easy with an account that doesn’t require a passbook. The low monthly fee is waived if you meet the minimum balance requirement.

Highlights

  • Competitive interest rate
  • Direct deposit available
  • $50 minimum opening deposit
  • $2.50 monthly fee
  • Monthly fee is waived with a minimum $10,000.00 average daily balance

Investment Savings

This account features a tiered rate structure, so the more you save, the more you earn. Get investment-level returns with easy access to your funds.

Highlights

  • Higher returns than regular savings
  • Tiered interest rates
  • 6 free transactions per month
  • $25 monthly fee waived with $25,000 balance
  • $25,000 minimum opening deposit

Certificates of Deposit (CDs)

Worried about the effect market fluctuations have on interest rates and the stock market? Don’t take a gamble with your idle cash—fixed rates and FDIC insurance make CDs a safe bet.

Highlights

  • Better returns than most savings accounts
  • Competitive fixed rates
  • Various terms to choose from
  • Interest compounded daily
  • Penalty for early withdrawal
  • $500 minimum deposit to open
  • FDIC insured

Questions? Contact Us at (740) 943-2317.