Business Savings

Summit offers creative solutions for your business savings needs. Our savings account options are designed to work in conjunction with your checking account to allow you access to additional funds.

Summit Business Statement Savings
A Statement Savings is the perfect way for your business to earn interest while keeping your money liquid. With a low minimum balance and a transfer allowance, this account can help with your business cash flow needs.

Here are the features of this account:

  • Free ATM card
  • Maintain $200 minimum balance to avoid fees
  • Limited to six transfers per statement cycle*
  • Internet Banking and ACH services available
  • Courier services available
  • Minimum $50 to open

Summit Business Money Market
Summit’s Money Market account allows you to earn a higher rate of interest on your savings while still keeping your funds liquid. And, tiered interest rates allow you to earn more by keeping a higher balance.

Here are the features of this account:

  • Free VISA debit card
  • Free Internet Banking and Online Bill Pay
  • Monthly statements
  • Free checks
  • Write up to six checks per month*
  • Unlimited cash withdrawals or transfers in person
  • No monthly fee if minimum balance of $2,500 is maintained
  • Courier services available

 

*Federal Regulation D limits the number of preauthorized, automatic, telephone, electronic (including ACH), online, debit card and other transfers and withdrawals not made in person or by ATM, to six per month. A $10 fee per debit is assessed beyond six.