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Grow Your Business’s Savings Faster

As your business expands and needs new equipment, it pays to have the cash on hand to make purchases outright instead of taking out a loan. You’ll get the equipment you need, when you need it, and avoid interest payments and possible late fees.

To help business owners grow their savings for whatever comes next, Central Bank offers the Platinum Money Market Savings account. You should be rewarded with better interest rates for having higher balances, and Platinum Money Market Savings is your solution.

 

Larger businesses have more expenses that the Platinum Money Market’s tiered interest can help save for:

  • Tiered variable interest rate
    • $0.00 – $9,999.99
    • $10,000.00 – $99,999.99
    • $100,000.00 – $249,999.99
    • $250,000.00 – $499,999.99
    • $500,000.00 – $999,999.99
    • $1,000,000.00 – $4,999,999.99
    • $5,000,000.00 and above
  • Interest credit monthly on statement cycle date
  • ATM access
  • Online Banking/Online Bill Pay
  • Bankline 24/7
  • Direct Deposit
  • Online Statements or monthly paper statements mailed

Additional Information About Platinum Money Market Savings

  • $1,000 minimum deposit to open account
  • $1,000 minimum balance or $2,500 average monthly balance during statement cycle. If below, $10 fee per month

Open your Platinum Money Market Savings account by coming by any Central Bank location today.

A Central Bank Business Checking Account is required. ATM Card is subject to approval. Closing fee of $30 applies to all accounts closed within 90 days of opening date. All account fees are subject to Iowa and Local Option sales tax.

Variable interest, paid monthly based on the following balance tiers:

  • $0.00 – $9,999.99
  • $10,000.00 – $99,999.99
  • $100,000.00 – $249,999.99
  • $250,000.00 – $499,999.99
  • $500,000.00 – $999,999.99
  • $1,000,000.00 – $4,999,999.99
  • $5,000,000.00 and above

What is the minimum deposit to open an account?

There is a $1,000 minimum deposit to open a Platinum Money Market Savings account.

Is there an option for online banking?

Yes. Online banking and online bill pay are both available to customers with a Platinum Money Market Savings account.

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Brittny Brunning

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You are leaving the Central Bank website. We are not endorsing or guaranteeing the products, information or recommendations provided by the organizations linked to our website. We are not liable for any failure of products or services advertised on those sites. We are not responsible for the validity, collection, use or security of information by organizations that may be linked to our website. We encourage you to read the privacy policies of websites reached through the use of links from the Central Bank website.

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