Business Deposit Accounts
Quaint Oak Bank’s business deposit accounts provide our banking customers with money management tools they can rely on. As a cashless bank, your money is protected in a system that prioritizes security, provides better money movement, and delivers stress-free digital access to your funds. We make it easy for you to securely and confidently control your company’s financial transactions. Read more about the benefits of business banking now.
With a checking account, you will receive:
- A Discount on Your First Order of Checks
- Online Banking with BillPay
- Mobile Banking with Mobile Check Deposit
Quaint Oak Bank offers our business customers access to a variety of our digital business deposit account services, including:
- Remote Deposit Capture (RDC): Securely deposit checks remotely to save time and trips to the bank
- ACH Manager: Originate debits or credits quickly and safely
- Wire Manager: Wire transfer of funds through a convenient and secure system
- Commercial BillPay: Issue payments online with options to schedule payments in advance and view payment history
- Positive Pay: Receive automated fraud protection for checks
- Visa Debit Card: Access 55,000+ surcharge free ATMs
- QuickBooks® Capability
- Merchant Services
Our goal is to provide checking options that make banking safe and simple. Contact a member of our team to open a checking account for your business with Quaint Oak.
Business Savings Accounts
As a business owner, you work hard. Quaint Oak Bank’s business savings accounts are designed to go to work for you, earning interest while maintaining access to your money.
For more detailed information regarding Quaint Oak Bank’s classic business savings account, speak with a member of our team.
| Account Type | Interest Rate | Annual Percentage Yield |
|---|---|---|
| Classic Savings | 0.20% | 0.20% |
Business Money Market Accounts
A business money market account allows you to minimize your trips to the bank, make transfers to-and-from your account through BillPay and complete ACH (Automated Clearing House) transfers. Our business money market accounts require a low minimum deposit with attractive rates, making them a convenient account type preferred by business owners.
| Account Type | Interest Rate | Annual Percentage Yield |
|---|---|---|
| Tier 1 ($0.00 – $999.99) | 1.95% | 2.00% |
| Tier 2 ($1,000.00 – $2,499.99) | 1.95% | 2.00% |
| Tier 3 ($2,500 – $99,999.99) | 1.95% | 2.00% |
| Tier 4 ($100,000.00 and higher) | 2.00% | 2.05% |
Business Certificates of Deposit
Business certificates of deposit are a savings option that earns interest on a lump sum over a period of time. They differ from traditional savings accounts in that they have specific, fixed terms and interest rates. Powering your business forward while earning interest over time, our competitive rates fuel your financial goals.
| Account Type | Interest Rate | Annual Percentage Yield |
|---|---|---|
| 6 Months | 4.29% | 4.45% |
| 12 Months | 4.34% | 4.50% |
| 18 Months | 4.11% | 4.25% |
| 2 Years | 3.87% | 4.00% |
| 3 Years | 3.87% | 4.00% |
| 4 Years | 3.87% | 4.00% |
| 5 Years | 3.87% | 4.00% |
Business Deposit Accounts and Savings Accounts for Your Future
Our job is to make your job a little bit easier by supplying our customers with business deposit accounts, checking and savings accounts, and more that benefit you now and in the future. We strive to provide you with tools that help you efficiently and effectively manage your cash flow. For more information about our deposit account options, connect with one of our team members.
All Rates are Effective 11/21/2024