Business Banking
Savings
We offer a variety of savings plans to meet all of your business needs. Our Business Bankers have the experience to help you make sound financial decisions.
| Interest | Statement | Minimum Balance | Electronic Transfers | |
|---|---|---|---|---|
| Regular Savings | Calculated daily; paid quarterly | quarterly | $100 avg min bal** | Up to 6 per month* |
| Money Market | Calculated daily; paid monthly | monthly | $2,500 avg min bal*** | Up to 6 per month* |
| Funds Management Savings | This account is designed for individuals that need $25,000 or more in easily accessible form. Please call 218.326.9414 for details and features of this account. | |||
| Health Savings Accounts | This account is designed for those with a high deductible health plan. Call 218.326.9414 for details | |||
| Certificates of Deposit | 7 day to 60 month maturity options; special rates and terms offered periodically; FDIC insured. | |||
* All Savings accounts: $25 excess transaction fee for each excess automatic withdrawal or preauthorized transfer
** Regular Savings: $3.00 maintenance fee will be imposed every quarter if the minimum balance is not maintained. $100 minimum deposit required to open account.
*** Money Market: $15 monthly maintenance fee if balance drops below $2,500. $2,500 minimum deposit required to open account.
Effective January 1, 2010, Grand Rapids State Bank is opting out of the FDIC's Transaction Account Guarantee Program.
After December 31, 2009, funds held in noninterest-bearing accounts will no longer be guaranteed in full under the
Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC's general
deposit insurance rules.
© Copyright 2008 Grand Rapids State Bank. All Rights Reserved. Equal Housing Lender 
Member FDIC 
Member FDIC