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Business Savings

Are you looking for a convenient and safe way to hold deposits while earning interest? A Business Savings Account with Itasca Bank & Trust Co. is the solution.

Business Savings Account Features

  • $250 Minimum Deposit to Open
  • Monthly Service Charge $10 if balance falls below $1,000 anytime during the month*
  • $1,000 minimum balance to earn interest
  • Business Online Banking available
  • Quarterly Paper Statements. E-statements available monthly if combined with a business checking account

Transactions with your business savings account are limited to no more than six transfers and withdrawals, per calendar month by means of a pre-authorized or automatic transfer, telephonic agreement, electronic transmission or by check, draft, debit card, or online transfers. Unlimited transactions include repaying loans/fees at the Bank, or transfers of funds to another account of the same depositor at the Bank when such transfers/withdrawals are made by mail, messenger, ATM or in person. A $10 excess activity fee will be charged for each transaction over six that clears in a calendar month. (This limitation is being waived through the end of 2020.)

* Other items may apply. Refer to the Schedule of Fees for details


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