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Business Savings

Interest rates on these savings accounts may vary. Please check with your Charlevoix State Bank representative for the current rate. All deposits are insured up to $250,000 by the FDIC, subject to FDIC rules and requirements. A brochure outlining your coverage options is available for your guidance.

Call 1-800-547-6080 to open a new account today!

Statement Savings*

  • Minimum opening deposit $50.00. **
  • Pre-authorized transfers or withdrawals are limited to six per calendar month. Unlimited transfers and withdrawals are allowed if made through ATM or in person.  
  • Interest is computed daily and paid quarterly.
  • A quarterly statement is provided for your records.
  • A minimum balance fee of $4.00 will be imposed every quarter if the daily balance on any day of the statement cycle falls below $50.00.

Certificates of Deposit*

  • Minimum deposit amount is $500.00.
  • Maturity terms range from 3 months to 5 years.
  • Interest rates are fixed for the term of the certificate of deposit. Several interest payment options are available.
  • Penalty for early withdrawal.
  • A certificate of deposit will automatically renew if left alone at time of maturity into same term and current interest rate. 

   Money Market (Interest-Bearing)*

  • Minimum opening deposit $2,500.00. **
  • A service charge of $10.00 will be assessed if balance falls below $2,500.00 any day during the month's statement cycle and no interest will be paid for the month.  
  • Interest is tiered, computed daily and paid monthly on accounts maintaining a $2,500.00 minimum balance each statement cycle.
  • Preauthorized transfers or withdrawals are limited to six per calendar month. Unlimited transfers and withdrawals are allowed if made through ATM or in person.

  * Free Internet Banking and Telephone Banking for all account types.

** If account is closed within the first 3 months there will be a $10.00 early closing fee.

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