Deposit Accounts for Businesses

Deposit Accounts for businesses of any size

Home Business Deposit Accounts

Business Deposit Accounts

Checking and Savings Accounts for Community Businesses

The best part about the businesses in our communities is their diversity. There are local businesses of all sizes and niches, run by people of different needs and preferences. Just as no two businesses or business owners in our communities are exactly the same, neither are their business deposit account needs. Central Bank offers a menu of checking and savings accounts suited for a broad range of cash flow needs of local business owners.

Compare our checking and savings accounts below to find the one that fits your specific needs, and then come by the nearest Central Bank office to get started today.

Click here to view a printable PDF of our business checking and savings accounts. 

Compare Checking Accounts

Business Basic Account

SMALL Business

The perfect business checking solution for small businesses, Business Basic offers all the services you need at a low cost. Great for a business just starting out. Learn more about Small Business Checking. 

Business Basic Account

Standard Business

Designed to grow your business. Offers additional features to improve your efficiency. Learn more about Standard Business Checking. 

Business Analysis Account

Analysis CHECKING

For companies with large transaction volumes needing treasure management products. Earnings credit can be used to offset service fees. Learn more about Analysis Checking.

Business Analysis Account

Non-profit checking

Designed for non-profit organizations. Learn more about Non-Profit Checking.

Classic Savings

Classic Savings

A basic business savings account, Classic Savings helps small businesses with lower balances save, earn interest and access their savings when needed. Learn more about Classic Savings. 

Money Market Savings

Money Market Savings

Designed for businesses that have the ability to keep a higher savings balance, Money Market Savings offers tiered interest to help balances grow quickly. Learn more about Money Market Savings.

Platinum Money Market Savings

Platinum Money Market Savings

Offering tiered interest and monthly paper or Online Statements, Platinum Money Market Savings helps businesses with higher savings balances grow their money with limited accessibility. Learn more about Platinum Money Market Savings.

 

Deposit Products Comparison

 Small BusinessStandard BusinessAnalysis CheckingNon-profit checking
Perfect ForLow transaction volume. Low cost.Designed to grow your business. Offers additional features to improve your efficiency. For companies with large transaction volumes needing treasury management products. Earnings credit can be used to offset service fees. Designed for non-profit organizations. 
Minimum to Open$0$0$0$0
Minimum to Avoid Fees/monthly maintenance$100 average monthly balance. If below, $5/month. First month waived. $1,000 average monthly balance. If below, $5/month. First month waived. $10/month. First month waived.$0
Earnings Credit  90-Day T-bill, 0.15% minimum 
Interest 

 

 Variable interest, paid monthly based on the following tiers:
Up to $10,000
$10,000 – $49,999
$50,000 – $99,999
$100,000 – $249,999
$250,000 & above
Number of Free Monthly Transactions50 Free

If over: $0.25/item for checks and deposit tickets, $0.25/item for deposited items on us, $0.25/item for deposited items not on us
200 Free

If over: $0.25/item for checks and deposit tickets, $0.25/item for deposited items on us, $0.25/item for deposited items not on us
0 Free

$0.20/item for checks and deposit tickets, $0.10/item for deposited items not on us
350 Free

If over: $0.10/item for checks and deposit tickets, $0.10/item for deposited items on us, $0.10/item for deposited items not on us
Treasury Management ACH origination, limited volume*. Contact our Treasury Management teamVariety of services available*. Contact our Treasury Management teamVariety of services available*. Contact our Treasury Management team
Debit Card*FreeFreeFreeFree
statements with check imagesFree Online Statements or $5 for monthly statements mailed.Free Online Statements or $5 for monthly statements mailed.Free Online Statements or $5 for monthly statements mailed.Free Online Statements or $5 for monthly statements mailed.
Online Banking with Bill PayFreeFreeFreeFree
Mobile Banking** with Mobile Deposit*FreeFreeFreeFree

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, excluding our South Dakota locations. *Subject to approval. †If you receive an ATM surcharge, bring in or mail your original ATM receipt within 60 days and we will refund the surcharge. Excludes foreign surcharge fees. **Although Central Bank does not charge for Mobile Banking, standard text messaging and data plan fees from your mobile phone carrier may apply. Please consult your carrier before using Mobile Banking.

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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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