Business Checking & Savings
At 1st State Bank, our Business Checking is simple and straightforward. It’s the perfect account for companies with all levels of checking account activity. Whether you need a savings account to complement your business checking account or one to use for your longer term goals, we have an account to fit your needs.
Earn interest on your excess funds by opening a 1st State Bank savings account.
Business Basic Checking
- No monthly activity charge
- No monthly maintenance fee
- No minimum balance requirement
- Unlimited transactions allowed. Transactions include checks paid, deposit tickets, checks deposited and ACH credits & debits
- Choose from Remote Deposit or Courier Service at no charge
Business Plus Checking
- No minimum balance requirement
- Competitive tiered interest rates
- 150 transactions per month at no charge. Transactions include checks paid, deposit tickets, checks deposited and ACH credits & debits
- $ 0.25 per item over 150
- Choose from Remote Deposit or Courier Service at no charge
Business Money Market
- Competitive tiered interest rates
- Minimum balance requirement: $5,000
- Unlimited deposits allowed
- Unlimited withdrawals, if done in person or at ATM
- Ability to write a limited number of checks to access your funds
- Preauthorized withdrawals or electronic transfers are limited to six per month
- $10 monthly service charge if monthly balance falls below $5,000
Business Savings
- Competitive tiered interest rates
- Minimum balance requirement: $100
- Unlimited deposits allowed
- Unlimited withdrawals allow if done in person or at the ATM
- Preauthorized withdrawals or electronic transfers are limited to six per month
- $5 quarterly service charge if monthly balance falls below $100
Certificates of Deposit
- Competitive rates and terms
- Minimum balances starting at $500
- Maturities from 7 days to 10 years
- Available to businesses, non-profit organizations and municipalities
HSA (Health Savings Accounts)
- Competitive tiered interest rates.
- Unlimited transactions allowed. Transactions include checks paid, deposit tickets, checks deposited and ACH credits & debits received
- HSAs with a daily balance below $5,000, will be charged a monthly fee of $3
Interest on Lawyer Trust Accounts (IOLTA) Checking
- No monthly maintenance fee
- No minimum balance requirement
- Recognized by the Michigan State Bar Association