SAVINGS ACCOUNTS

Presidio Bank offers Business Savings and Money Market Accounts with a competitive interest rate that provides you with liquidity that can be important to your business funding needs.

Business Savings

Business Savings provides our clients with the opportunity to save while still having access to their funds for unexpected business expenses or other cash needs that may arise.

Benefits of Business Savings Accounts

  • No monthly account maintenance fee
  • Earns attractive rates of interest
  • Provides you with total liquidity to your funds
  • Funds in Business Savings Accounts are combined with other accounts of the same entity and insured by the FDIC up to current available limit of $250,000 
Business Money Market

Provides our business clients with a secure investment option offering liquidity and a competitive rate of return. 

Benefits of a Business Money Market Account

  • No minimum balance requirement to waive monthly account maintenance fee
  • Minimum to open $25,000
  • Earns attractive tiered competitive rates of interest
  • Clients access to their money anytime/anywhere, with no minimum withdrawal amount
  • Federal regulations limit third-party or pre-authorized transfers to six per month
  • Option of having the convenience and security of a Visa® Business Debit Card
  • Funds in Business Money Market Accounts are combined with other accounts of the same entity and insured by the FDIC up to current available limit of $250,000

 

Business Sweep Money Market

Presidio Bank’s Automated Investment Sweep service links your commercial checking account with an investment account. Every business day we will post all deposits, checks, and other debits and credits, to the client's checking account. After the ending balance is calculated, any positive collected funds that exist in excess of a predetermined amount (target balance) will be automatically invested in a pooled Presidio Bank money market account.

Benefits of a Business Investment Sweep Account

  • Minimum monthly maintenance fee of $25, which can be offset through account analysis
  • Automates the movement of funds eliminating your need to manually move funds
  • Earns attractive rates of interest
  • Provides you with access to your money anytime/anywhere, with no minimum withdrawal amount
  • Unlimited check writing
  • Balance information is provided through Business Online Banking
  • Monthly activity statements are provided
  • Funds in your Business Investment Sweep Account are combined with other accounts of the same entity and insured by the FDIC up to current available limit of $250,000

 

For further information regarding our Savings and Money Market Plans, please call or visit your local Presidio Bank office.