July 24, 2008

State Bank of The Lakes - Business Deposit Accounts

Business Savings Account

• Allows you to move funds between your checking account and an FDIC-insured interest bearing account throughout the month to maximize balances accruing interest
• There is a minimum balance requirement to avoid a monthly service charge
• Unlimited withdrawals may be made in person or by mail
• Check out our Savings Deposit Rates

Business Money Market Account

• Combines liquidity and convenience in a tiered variable-rate, interest-bearing account with limited check-writing privileges.  Allows you to manage your cash flow by moving funds between your checking account and an FDIC-insured interest bearing account.
• Unlimited deposits
• Unlimited in-person teller withdrawals and up to six preauthorized withdrawals each month (however, up to three of these withdrawals can be made by check).
• Interest rates are tiered which provides a higher yield with higher balances.
• Check out our Money Market Deposit Rates

Business Certificates of Deposit

We regularly offer a wide range of fixed-rate certificates of deposit, including the following terms:

 Account Type    Term  Minimum Opening Deposit
 30 Day CD  1 Month  $99,000
 60 Day CD  2 Months  $99,000
 90 Day CD  3 Months  $10,000
 180 Day CD  6 Months  $5,000
 270 Day CD  9 Months  $1,000
 1 Year CD  1 Year  $1,000
 2 Year CD  2 Years  $1,000
 3 Year CD  3 Years  $1,000
 4 Year CD  4 Years  $1,000
 5 Year CD  5 Years  $1,000

 

We also offer a variable-rate certificate of deposit with the following terms:

 Account Type  Term  Minimum Opening Deposit
 Variable Rate CD  18 Months  $1,000
 Passbook CD  Open  $10,000

 

From time to time we offer special certificates of deposits with higher minimum balances for other monthly terms. Check out our CD Rates for current rates and specials.

Easy To Open These Accounts

Fill out and submit this application form or come see one of our personal bankers.