Accounts Built toHelp You Save for Your Business
You have multiple options when it comes to saving for your business. At Union Bank & Trust, you can choose the account that matches the way you want to save. From traditional savings accounts to certificates of deposit (CDs) that can help you earn more on your balance, all the commercial savings options we offer are focused on you. Our business savings and money market accounts include features like:
- Free access to commercial online banking
- Automatic transfers
- Access to sweep accounts
Contact the commercial banking team at Union Bank & Trust to discuss our commercial savings account options by calling 612-379-3222.
Compare Commercial Savings Accounts
Account | Who This Account Is For... | Minimum Balance | Fees | Features |
|---|---|---|---|---|
Commercial Savings | Business owners who want a traditional savings account built to suit their business. | $100 | $10 service charge per month if daily balance falls below $100 | Interest compounds quarterly Balances are FDIC insured up to $250,000 |
Commercial Money Market Savings | Business owners who want to take advantage of tiered interest rates and can maintain a higher minimum balance. | $1,000 | $10 service charge per month if daily balance falls below $1,000 | Tiered interest rates available based on your account balance Interest compounds monthly Balances are FDIC insured up to $250,000 |
Commercial Certificates of Deposit
A commercial CD is a great option for business owners looking to save more aggressively. CD accounts typically have better rates than you’ll find in most traditional savings accounts. Here’s what you need to know about commercial CDs at Union Bank & Trust:
- Terms ranging from 6 months to 36months
- $1,000 minimum deposit
- Rate is determined by term and deposit amount
- Interest compounded annually on CDs with terms of one year or longer
- Funds are FDIC-insured up to $250,000
- Early withdrawal is subject to penalty