Business Savings Accounts
You might be saving up to expand your inventory, buy a new piece of equipment to help your business run more efficiently, or you could just save up for that next big opportunity. No matter what you’re saving for, we’re here to help keep your money safe and secure until you’re ready to use it.
Requirements to Open a Business Savings Account:
- $1000 initial deposit to open the account
- Interest is compounded and paid quarterly
- Quarterly statements will be mailed one month earlier than the calendar quarter
- Withdrawal limitations and fees may apply depending on your account activity.
The Callaway Bank is an FDIC member and your deposits are insured up to the maximum allowable coverage.
Contact Our Business Banking Team
Money Market Account
| Money Market Account | Advantage Money Market |
|---|---|
| Minimum Balance to Open | $1,000 |
| Minimum Balance Required Per Statement Cycle | $1,000 |
| Monthly Fee | No Monthly Fee if minimum balance is met and there are less than 51 deposited items |
| Interest Bearing | Contact a personal banker for current rates. |
| Interest Compounded and Credited to Your Account Monthly. Fees May Reduce Earnings |  |
| Checks Included | |
| Fees: | |
| First 50 deposited items | $0 |
• 51+ deposited items per month | $0.075 each |
| Transactions Limitations per month | 6 Withdrawals |
| 7 or more withdrawals per month, monthly fee | $10 |
| If balance falls below required minimum balance, monthly fee | $10 |
| Other Fees: | Common Fees |
Payment & Merchant Services Solutions
Payment & Merchant Services Solutions Banking with us means you can enjoy options and personalized advice on the best fit for accepting credit cards for payment, terminals, phone/tablet apps, virtual terminals, point-of-sale devices, integration into existing point-of-sale systems, and website integration for YOUR specific business type. Take payments with less stress, no contract, and enjoy […]
The Callaway Bank Rewards Program
Customers with one of our Ultimate Checking® accounts can earn rewards just for using your Callaway Bank debit card! The Callaway Bank also rewards you as a customer for a variety of other financial services. Earn points for opening a personal or business checking account and debit card, online banking, open a new investment account or […]
Virtual Business Banking Account Review
Virtual Business Banking Account Review We’re committed to providing solutions that fit the unique needs of your business. Tell us more about your business to get started, and we’ll be in contact. Here’s a glimpse of a few business banking solutions offered at The Callaway Bank: Business Digital Banking: A full suite of solutions online […]
CD’s
Long and short-term CDs offer higher earnings than a regular savings account. Manage your earnings by combining your choice of time commitment, deposit amount, and either a variable rate, fixed rate or our popular “Bump” CD. With competitive interest rates, Callaway Bank CD’s is a great way to invest and earn on your extra money. The minimum to open a CD account is $500.
Withdrawal limitations and fees may apply depending on your account activity.