CHECKING
Making the right choices is the key to running a successful business. Make one right now...by choosing the Institution for Savings for your Business Banking needs.
You know us here at the Institution. We are a strong and established bank, deeply rooted in our communities and committed to the growth and success of local businesses.
And we are unlike any other bank around. For one, we're not too big. All of our credit decisions are made quickly and locally, by people who know our communities and our markets. Unlike some of our competitors, we're not interested in new markets-we're staying right here, serving the needs of Newburyport, Newbury, Salisbury, Amesbury, Ipswich, Rowley, and West Newbury. Finally, we are stable and secure, with a long-established reputation of excellence. You can trust that we will be around long after most other banks have moved on.
Advantage Business Checking
This account meets the needs of all businesses. A flat $10 monthly service charge is assessed, and $.15 for each check paid. Additionally, you receive a monthly earnings credit on your balance which can offset any monthly fees on your account.*
Simple Business Checking
With Simple Business Checking, you don't pay for individual items in your deposits. There's just one low monthly fee of $10 which can be waived when you maintain a $5,000 minimum daily balance.
Simple Business NOW Checking
For municipalities, sole proprietorships and certain tax exempt organizations that are entitled to have an interest bearing account, our Simple Business NOW Account pays competitive rates of interest monthly based on your average balance. A monthly service charge of $5 will be assessed when your balance drops below $500.
Sweep Account
For businesses that want to earn additional interest income and manage their cash needs, this account is a great choice. Each day, funds in your business checking account in excess of $50,000 will automatically be transferred to your repurchase account which, will pay a premium rate of interest. ** Funds held by the bank in repurchase accounts are not a deposit and are not FDIC insured.
Other Business Services
To learn more about other services provided through our Business Banking please click here
For more information, call us today at (978) 462-3106 or (978) 356-3600, or email us today.
* The earnings credit will not offset the following charges: check printing; overdraft; returned deposited items; foreign items collection/conversion; stop payments; and wire transfers.
Click here for current rates
