Preferred Bank's Business Savings is a low minimum balance interest-bearing savings account available to businesses of all sizes for their everyday savings needs. A low monthly service fee can be avoided by keeping the minimum balance. A total of six (6) withdrawals are allowed each month and $1 for each withdrawal in excess of the maximum.
Preferred Bank's Business Money Market account is one of the highest yielding FDIC insured money market accounts in the marketplace today. The account is available to businesses who want to earn a high rate of interest, yet still keep their funds liquid. The account offers a tiered interest rate that allows you to earn higher interest rates for larger balances. The monthly service charges can be waived by keeping the minimum balance. A total of six (6) third party withdrawals/debits can be made each month, a transaction fee of $10 per withdrawal/debit in excess of the maximum will be charged. Remember, you can access your account in person at any one of our convenient branches for unlimited withdrawals at no charge.
Preferred Bank's Business Certificate of Deposit Account combines competitive interest rates with flexible terms to give you the best return on your investment. Your interest rate is fixed for the entire term of the account giving you an income stream you can count on. Our CD accounts earn simple interest that can be disbursed to you in a variety of methods including by check or transfer to another Preferred Bank Business transaction account. Our low opening deposit makes it easy to start investing today.
1 Certificate accounts with maturities of more than 1 year must have interest paid out at least annually
2 Qualifying relationship required