Business Savings Accounts

Our Business Savings accounts enable you to effectively put your excess balances to work - for you, your business and even your employees - and often while maintaining easy access to your funds.


Advantage Business Savings

Here's a safe, secure solution for storing excess cash for fast access until it grows enough for a planned purchase or cash flow needs.

  • $100 minimum deposit to open
  • Earns interest on collected balances
  • Free Online Banking
  • $3 discount on monthly maintenance fee for eStatement
  • Monthly maintenance fee $10 ($7 with eStatement); can be avoided with one of the following:
    • $500 minimum daily balance
    • $1,500 average monthly balance
    • 1 direct deposit or auto transfer of $100 or more per statement cycle
  • Up to 3 withdrawals, transfers or other debits per statement cycle at no charge; $10 each thereafter

Business Money Market

Along with the higher interest of money market rates, our Business Money Market offers the flexibility and convenience of a checking account.

  • $1,000 minimum deposit to open
  • Earns tiered interest on collected balances
  • Free Online Banking and Debit Card
  • $3 discount on monthly maintenance fee for eStatement
  • Monthly maintenance fee $20 ($17 with eStatement); can be avoided with one of the following:
    • $1,000 minimum daily balance
    • $2,500 average monthly balance
  • Up to 6 withdrawals, transfers or other debits per statement cycle at no charge; $10 each thereafter

Health Savings

This tax-favored, interest-bearing account is exclusively for those employees under age 65 who have health plans with high deductibles.

  • $100 minimum deposit to open
  • Earns interest on collected balances
  • $3 discount on monthly maintenance fee for eStatement
  • Monthly maintenance fee $5 ($2 with eStatement); can be avoided with one of the following:
    • $250 minimum daily balance
    • $500 average monthly balance

For more information, go to http://www.treasury.gov/resource-center/faqs/Taxes/Pages/Health-Savings-Accounts.aspx


Commercial Sweep Account

Put your hard-earned money to work for you. With VantageSouth's Commercial Sweep account, excess funds in your commercial checking account are automatically swept into an interest-bearing account or line of credit. A target balance is established (the minimum threshold or the amount necessary to offset maintenance and activity charges) and funds are swept into and out of the host account as needed.
 

Certificates of Deposit

If your business has cash to invest, our CDs offer competitive rates and flexible terms to make them an ideal short-to-long-term investment.

  • $500 minimum deposit to open
  • Terms from 7 days to 5 years
  • A choice of interest payment options:
    • Compounded to the account
    • Transferred to another VantageSouth account
    • Paid by check

CDARS

As a member of the CDARS® ("cedars") Network, VantageSouth Bank can enable you to make multimillion-dollar CD investments and access full FDIC insurance eligibility on every dollar.* Using CDARS allows you to maximize the return on your funds while maintaining the peace of mind that comes with FDIC protection. Ask us for details.
 

*CDARS CDs are considered bank deposits. They are not DTC eligible and, currently, no secondary market exists. Early withdrawals are available, but require the payment of a substantial penalty. You should compare the current rates and features of CDs (including CDs placed through the CDARS service) to other investment alternatives. Past performance may not be representative of future performance or success. Limits apply. If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor's funds through CDARS or a particular CDARS transaction satisfies those restrictions. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with our bank. The agreement contains important information and conditions regarding the placement of funds by our bank through CDARS. CDARS is a registered service mark of Promontory Interfinancial Network, LLC.

 

Open a Business Savings account today. Call or stop by your neighborhood location.

 

 
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