Business Savings Accounts

Running a business can be hard but saving money doesn’t have to be. We offer a variety of savings options to fit your business banking needs.

Savings Accounts

Our business savings accounts provide you with a great way to save while earning interest on your money. From a traditional savings account, to CDs and high-yield money market accounts... we’ve got your business covered.

Add even greater convenience when you combine with our business online banking service. You’ll have 24/7/365 access and total control over your business finances..

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Business Savings

Business CDs

Business Money Market

Business High Yield Money Market

Minimum Opening Deposit

$100.00

$1,000.00

$1,000.00

$100,000.00

Minimum Daily Balance to Avoid Service Charge

$100.00

N/A

$1,000 to avoid monthly service charge

$100,000 to avoid monthly service charge

Service Fee

$3 monthly fee if balance falls below minimum

N/A

$10 monthly when below minimum

$10 monthly when below minimum

Restrictions

3 Free withdrawals monthly; $1.00 each thereafter

Substantial penalty may be be assessed upon early withdrawal of CD funds prior to maturity
 

6 Free withdrawals monthly; $5.00 each thereafter

6 Free withdrawals monthly; $5.00 each thereafter

Visa Debit Card

Not without a checking account

N/A

Yes

Yes 

Online Banking Access

Yes

Yes

Yes

Yes

Free Checks

N/A

N/A

Yes

Yes

Additional Money Market Features

Both of our money market accounts also include the following convenient features:

  • Free eStatements
  • Free checks
  • Free direct deposit
  • Create and manage mobile application text and email alerts

Health Savings Accounts

Who Can Have One?

Anyone under the age of 65 who is covered by a High Deductible Health Plan (HDHP), who has no other general health coverage, is not enrolled in Medicare and can't be claimed as a dependent on someone else's tax return is eligible to open a Health Savings Account.

Why should my business offer an HSA?

You can save money by:

  • Having a high-deductible HSA-eligible health insurance plan typically has a lower premium than a plan with a lower deductible.
  • Your employees may be able to deduct 100% of HSA contributions from their taxable income.
  • Your employees accrue interest on a tax-free basis.  They should consult their tax advisor to discuss their tax status. 
  • Your employees pay no penalties or taxes when they use their HSA to pay for qualified medical expenses.

Why choose United Republic Bank for your HSA?

  • Premium interest rates
  • Cost Effective
  • No Set-up fee
  • No annual fee

Advantages

Offering a HDHP in conjunction with Health Savings Accounts to your employees can be a great way to decrease your company’s health care expenses. Add our Cash Management services and you can easily make contributions to your employees’ accounts on a single or recurring basis electronically.

Account Features

  • $10 minimum opening deposit
  • $250 minimum balance; $3 monthly fee when below minimum.
  • Free e-statements
  • Visa® Debit Card
  • Online Banking with CheckFree® Bill Pay
  • Earn interest
  • Year-end reports

For more information regarding annual limits and rules governing HSA accounts, we suggest you also visit the Internal Revenue Service (IRS) website.

VIST IRS.GOV

We make it easy to get started banking at United Republic Bank. You can visit our office in Elkhorn or get started with the links below.

MAKE THE SWITCH  APPLY NOW

 

We’re Your Business Partner

Running a business can be a challenge at times, but your banking doesn’t need to be that way. At URB, you’ll find the financing solutions to help smooth out the ups and downs of being a business owner.

BUSINESS LOANS

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