Heritage Bank has a variety of unique business savings plans for your farm, business or non-profit organization. Whether you’re looking to simply set money aside, or invest for the future, a Heritage Bank savings account can get your dollars working harder for you!
Select from one of our business savings accounts below:
| Universal Savings APPLY TODAY |
Jumbo Deposit Account APPLY TODAY |
Heritage Direct Savings APPLY TODAY |
|
| Interest Bearing: | YES Compounded and credited quarterly |
YES Compounded and credited monthly |
YES Compounded and credited monthly |
| Minimum Opening Deposit: | $50 | $1,000 | $1,000 |
| Daily Minimum Balance Required: | $50 average daily balance | $.01 | $1,000 minimum balance for APY |
| Electronic Statements: | Available for free | Required and free | Required and free |
| Service Fee: | 6 free withdrawals per month, $3 each thereafter $5 a month service charge if average available balance drops below $50 |
$15 per month if not enrolled for electronic statements | $4 per month if not enrolled for electronic statements $17 monthly service charge if account balances fall below $1,000 daily minimum ledger balance |
| Debit Card: | YES | N/A | N/A |
| Digital Banking App Available: | YES | YES | YES |
| Interest Rates: | Earn 0.05% APY1 | $230,000 minimum balance to earn 3.02% APY1
$100,000 minimum balance to earn 2.04% APY1 $.01 minimum balance to earn 1.01% APY1 |
$1,000 minimum balance to earn 0.14% APY1 |
- APY = Annual Percentage Yield. Fees may reduce earnings. Interest rate is variable and may change after the account is opened.
Effective since November 1, 2023.
- Overdrafts & NSF: $33 per item, per presentment
- $30 fee if account is closed within 6 months of opening
Important Information
Procedures for Opening an Account
Mandated by the USA PATRIOT ACT
To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT ACT, a Federal law, requires all financial institutions to obtain, and record information that identifies each person who opens an account.
What this means for you:
When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.