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Small Business Banking Basics

"More bang for your buck" describes traditional financial institutions today. It's soooOOO much more than savings and checking.

Learn about...

Small Business Savings

Maximize cash flow and return by having the right small business checking account. These pages are developed on an ongoing basis. Please revisit or bookmark, for updates.

ACCOUNT PURPOSE	CHARACTERISTICS	BENEFITS	CONTACT
Small Business Money Market Savings	• Designed for maintaining higher account balances in excess of routine checkbook transactions • Allows for earning interest while also retaining convenient access to funds	• Typically earn premium interest rates that increase with account balances • Monthly fees may be waived relative to maintaining certain monthly balances • Monthly statements can be consolidated with other accounts to make managing finances easier • Multiple account access usually available via ATM, telephone, and/or free online banking services • Limits on number of monthly transactions including deposits, withdrawals, transfers and checking transactions	Local Financial Institutions
Small Business Basic Savings	• Allows for earning interest on excess balances • Provides convenient access to funds	• Monthly fees may be waived relative to maintaining certain monthly balances • Monthly statements can be consolidated with other accounts to make managing finances easier • Overdraft protection available via link to your checking account • Account access via free online banking services • Limits on number of monthly transactions including deposits, withdrawals, transfers and checking transactions	Local Financial Institutions
Small Business CDs (Certificates of Deposit)	• Provides guaranteed fixed return on funds deposited • Appropriate for excess business funds not requiring access over a specified period of time	• CD's typically earn competitive interest rates • CD's offer a variety of terms to choose from	Local Financial Institutions
Small Business Savings Overdraft Protection	• Accompany's a small business money market savings account • Offers low funds transfer fees	• Typically requires no monthly fee • Funds are automatically transfered from savings to checking for overdraft protection • Monthly statements reflect a summary of overdraft transfer transactions	Local Financial Institutions

Note: This information is presented to provide a general overview of small business options and related services. It is not intended to be an exhaustive representation. Data has been compiled by the Knowledge Institute for informational purposes only. Content is provided on an "as is" basis and is not intended to, nor does it, provide advice or create a customer relationship between the Knowledge Institute, BUZGate™ and/or any other organization named herein, and any reader.

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