Business Savings & CDs
Save money and make money doing it!
When you entrust your business banking to us, you know that you’re going to have choices. We offer a number of different savings options for businesses looking to save some of their hard-earned money—and make money doing it.
Business Savings Accounts
Options for your business.
Statement Savings
Advantage
The Statement Savings Advantage provides the convenience of an interest-bearing savings account with 24-hour banking capabilities. This account also provides you with monthly statements – paper or electronic – to help you keep track of your monthly activity.
Features
- Only $10 needed to open account
- If balance drops below $100, there is a low monthly service charge of $1 Interest earned on minimum daily balances when $100 daily balance is maintained for the statement cycle¹
- Earn a higher rate of interest when your balance reaches $5,000
- Account to account transfers
- ATM access to over 55,000 surcharge-free ATMs
- Business Online Banking
- e-Statements
- Direct deposit available
- Plus, account holders are qualified to enroll in Identify Theft Resolution Services!
- Click here for current rates
¹If average monthly balance falls below the required relationship amounts, a monthly maintenance fee of $1.00 will apply
Money Market
Advantage
This tiered account allows you to earn higher rates for higher balance levels. It provides you the flexibility to earn current market rates as well as having your funds fully insured by the FDIC.
Features
- Earn a higher rate of interest than a savings account
- FDIC-Insured
- Tiered balance levels – the more you deposit, the more you earn!
- $2,500 minimum opening deposit
- Earning tiers of:
- $0.01 – $2,499
- $2,500 to $24,999
- $25,000 to $74,999
- $75,000+
- Click here for current rates
- Interest earned on all balances
- Use this account to help manage your financial resources: make six transfers per statement cycle that are not conducted in person — regardless of payment type (check, draft, or debits payable to a third party)
- Balances that fall below $2,500 will earn interest based on current rates
- Business Online Banking
- e-Statements
- Direct deposit available
Lakes Money
Market Plus
Looking to earn a higher rate of interest than traditional money market accounts? Our Lakes Money Market Plus Account is the answer. This account is exclusively for FSB checking account clients who also open a Lakes Money Market Plus account.
Features
- FDIC-Insured
- Tiered balance levels – the more you deposit, the more you earn!
- $2,500 minimum opening deposit
- Higher earnings than a traditional money market with earning tiers of:
- $0.01 – $2,499
- $2,500 to $24,999
- $25,000 to $74,999
- $75,000+
- Click here for current rates
- Free financial planning seminars & investment consulting!
- Use this account to help manage your financial resources: make six transfers per statement cycle that are not conducted in person — regardless of payment type (check, draft, or debits payable to a third party)
- Balances that fall below $2,500 will earn interest based on current rates
- Business Online Banking
- e-Statements
- Direct deposit available
Comparison
Chart
| Eligibility Requirements | Interest Bearing | Minimum to Open | Minimum Balance to Avoid Fees | Monthly Service Charge (if Requirements Not Met) | |
| Statement Savings Advantage | For Individuals or Businesses | Yes. Tiered Balance Levels : $.01 – $5,000+ | $10 | $100 (Any customer under the age of 18 or over the age of 62 will not receive a monthly service charge if $10 daily balance is maintained.) | $1.00 monthly service charge |
| Money Market Advantage | For Individuals or Businesses | Yes. Tiered balance levels: $.01 – $75,000+; | $2,500 | $2,500 | $10 |
| Lakes Money Market Plus | Exclusively for FSB checking account customers. | Yes. Earn a higher rate of interest than the Money Market Advantage Account! Tiered Balance Levels: $.01 – $25,000+ | $2,500 | $2,500 | $10 |
Meet our Business Banking Team
Let us help your business thrive!
Health Savings Accounts &
Standard Term CDs
Health Savings Accounts
Health Savings Accounts (HSAs) offer a convenient, tax-deductible means for your employees to pay for qualified medical expenses with non-taxable distributions. If you offer your employees a high-deductible health plan (HDHP), consider offering a Franklin Savings Bank HSA – a pre-tax benefit for your employees! As an added bonus, employer contributions are also tax-deductible.
Benefits
Because we want to make banking as convenient as possible for our customers, FSB will come to YOU to establish the accounts, with no loss of time to you or your employees.
How Your Employees Will Benefit:
FSB’s Health Savings Account offers a very competitive variable tiered interest rate with the convenience of no fixed maturity date! Your employees will benefit from account features such as:
- Low opening deposit
- Unlimited check writing with special HSA checks
- Complimentary Debit Card with $1,000 daily Point-of-Sale limit!
- Personal Online Banking
- Choice of monthly e-Statements or paper statements
- Low monthly maintenance fee if account balance drops below $2,500
How to Sign Up
For your employees and their families to start benefiting from this account’s convenience and tax advantages, send an e-mail to mybanker@fsbnh.bank, call us at 603.934.4445, or stop by and visit an FSB Office nearest you.
Standard Term CDs
Whether you’re looking to invest your money for as little as 7 days or as long as 5 years, Franklin Savings Bank can help! Our rates are always competitive and our Standard Term CDs are available in a variety of terms.
Features and Specials
Additional features of all Certificates of Deposit include:
- Monthly dividend transfers
- Online Banking and Mobile Banking
- CD Specials
Don’t forget to check out our deposit rates for our periodic CD specials. Franklin Savings Bank is pleased to provide special terms and rates on our Certificates of Deposit, in addition to our standard term CD product line.
Calculate your Return on Investment
Do you want to know your potential return on investment? Our Investment Calculators can help you run different calculations on your money, including the investment amount, potential annualized return and term. You can also add potential costs like taxes and fees so you can get your numbers down to the penny! Although the calculator is for illustration purposes and doesn’t necessarily reflect your investment return, it’s a great way to really determine how much your money can grow and how long it will take.
Switching Banks
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