Business Savings

Clarkston State Bank offers three savings products to provide our business customers a safe place to keep excess funds until a business need arises. You will receive a competitive rate of interest and access to your funds when needed. The interest rate is tiered based on balances and there are no monthly fees. Put your money to work for you until you need it.

Business Savings
Money Market Plus Savings
High Yield Money Market Plus Savings


Business Savings

The business savings account allows the business to take any excess funds and earn a variable rate of interest. There are no monthly fees and the interest is compounded and paid monthly to the account.

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Money Market Plus Savings

The money market plus savings account is designed for those business who have more excess funds as it pays a higher rate of interest than the business savings account. There are no monthly fees and the interest is compounded and paid monthly to the account.

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High Yield Money Market Plus Savings

The high yield money market plus savings account pays the highest rate of interest while keeping your funds liquid.  The interest is compounded and paid monthly to the account.  This account does require a minimum balance to earn interest and avoid a monthly fee.

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Our business savings accounts also provide the following additional FREE services:

  • Free Online Banking
  • Free Electronic Statements
  • Free Automatic Transfers*
  • Free Night Deposit Service
  • Free Mobile Web Banking App
*Transfers are limited to six per statement cycle and include preauthorized or automatic transfers, telephone transfers or electronic withdrawals. There are no limits on the number of withdrawals in person at a branch or through the ATM.

Account Details

Features Business Savings Money Market Plus Savings High Yield Money Market Plus Savings
Minimum opening deposit $100 $1000 $100,000
Monthly maintenance fee None None $50
Min balance to waive monthly maintenance fee Not applicable Not applicable $100,000
Interest earned Variable Variable Variable
Minimum balance to earn interest $1,000 $5,000 $100,000
Deposit charge Free Free Free
Deposited items charge Free Free Free

Interest Rates

Business Savings
Interest Rates & Tiers Daily Balance Rate APY
Tier 1 $0 – $999.99 0.00% 0.00%
Tier 2 $1,000.00 – $24,999.99 0.05% 0.05%
Tier 3 $25,000.00 – $49,999.99 0.05% 0.05%
Tier 4 $50,000.00 & above 0.05% 0.05%

Money Market Plus Savings
Interest Rates & Tiers Daily Balance Rate Rate
Tier 1 $0 – $4,999.99 0.00% 0.00%
Tier 2 $5,000.00 – $24,999.99 0.05% 0.05%
Tier 3 $25,000.00 – $49,999.99 0.05% 0.05%
Tier 4 $50.000.00 – $99,999.99 0.10% 0.10%
Tier 5 $100,000.00 & above 0.15% 0.15%

High Yield Money Market Plus Savings
Interest Rates & Tiers Daily Balance Rate Rate
Tier 1 $0 – $99,999.99 0.00% 0.00%
Tier 2 $100,000.00 – $249,999.99 0.75% 0.75%
Tier 3 $250,000.00 – $499,999.99 1.00% 1.00%
Tier 4 $500.000.00 – $999,999.99 1.10% 1.11%
Tier 5 $1,000,000.00 & above 1.15% 1.16%

APY = Annual Percentage Yield
The interest rate stated is variable and may change after account opening.
Fees may also reduce earnings.

Rates and balance tiers for checking, savings, CD’s and IRA CD’s are applicable as of the effective date and may be subject to change at Clarkston State Bank’s discretion.