Business Banking

Build your Business Savings and Prepare for What’s Next.

Save with purpose today and be ready for tomorrow’s opportunities.

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Home » Business Banking » Business Savings

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Smart way to save for your business

Earn a competitive rate while keeping funds accessible.

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Simple business account management

Easily check balances, transfer funds, and stay in control with Online and Mobile Banking.

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Digital convenience

Access your accounts anytime with mobile-friendly tools and paperless eStatements.

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Local support you can trust

Get personalized guidance from a team that understands your business.

Start Building Stronger Business Savings

Building business reserves does not have to be complicated. With the right tools and support, you can set funds aside, stay prepared, and keep your business moving forward.

$100 minimum opening deposit
Competitive interest rate
Interest compounded quarterly
Maintain a $100 minimum balance to avoid the $2 monthly fee
FREE Online Banking
FREE Business Mobile Banking
FREE eStatements

Business Savings Calculator

See how your business savings can grow

Business Savings Calculator

Savings Estimate

Principal + Interest $0.00

Interest Earned for Full Term $0

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

The frequency of compounding (daily, monthly, yearly, etc.) affects how quickly your savings grows, and the more frequent the compounding, the more interest you will earn.

How to Get Started

Connect With Our Team

Book an appointment or contact our team to get started. We’ll walk you through your options and recommend the best fit for your business.

Visit Our Branch

Open your account in person. Bring a valid ID along with the required business documents. We recommend viewing the list of required documents ahead of your visit.

Fund & start saving

Make your opening deposit, set up transfers, and start putting your business funds to work right away.

Why Choose a Business Savings Account?

Build a stronger financial foundation for your business with a savings solution designed for flexibility and growth. Whether you’re setting aside funds for taxes, future investments, or unexpected expenses, a Business Savings Account for small businesses helps you stay prepared. Earn interest while keeping your money accessible, so you can manage today’s priorities and confidently plan for what comes next.

Frequently Asked Questions

1. How can a Business Savings Account support my cash flow?

A Business Savings Account helps you set aside funds for planned and unexpected expenses while keeping them accessible. It is a practical way to manage reserves for taxes, payroll, or seasonal fluctuations, so your day-to-day cash flow stays on track.

2. How is a Business Savings Account different from other business accounts?

A Business Savings Account is designed for setting money aside and earning interest over time, while still allowing access when needed. It works alongside your business checking account, which is used for everyday transactions, giving you a clear way to separate spending from savings.

3. What is the minimum opening deposit?

You will need an initial deposit of $100 to open a Business Savings Account.

4. What do I need to open a Business Savings Account?

To get started, you’ll need valid ID and specific business documentation. We recommend reviewing the list of required documents ahead of your visit.

5. Is there a monthly fee?

A $2 monthly fee applies only if your balance falls below the $100 minimum.

6. How do I access and manage my account?

You can access your account anytime through Online Banking and Mobile Banking. You can also link your savings to your business checking account to easily transfer funds and manage your cash flow.

7. Are my deposits insured?

Yes. First Bank of the Lake is a Member FDIC institution, so your eligible business deposits are protected up to applicable limits. Learn more about FDIC coverage here.

Support Your Business with Smart Savings

A strong savings strategy helps your business stay prepared and ready to grow. Our team will work with you to keep your funds organized, accessible, and aligned with your goals.

Ready to get started?

Opening a Business Savings Account is quick and easy. Book an appointment or reach out to our team today. We will guide you through the process and help you put the right tools in place from the start.

Book an Appointment

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