Business Savings





















Whether saving for a purpose or unpredictable necessities, we offer a variety of business savings accounts to meet your needs.  

Business Savings is a great way to start you on your way to bigger investments while providing easy, convenient access to your funds, with options for high-yield interest accounts to maximize your earning potential. 

 







Business Savings

Start on your way to bigger investments

Business Savings is a great way to start you on your way to bigger investments while providing easy, convenient access to your funds.

Benefits:
  • $250.00 minimum to open
  • No service charge for customers who maintain a minimum balance of $250.00. Otherwise, pay a low monthly service charge of $1.00.
  • Quarterly statements
  • No fees for up to 20 transaction items* per month, limited to 6 third party transactions. Over 20 transaction items*, pay $.12 per item.

View full benefits of this account >>

Business Integrity Money Market

Always have access to your funds

The Integrity Money Market Account is a tiered-rate account that provides the benefits of a competitive interest rate along with immediate access to your funds when you need them.

Benefits:
  • $2,500.00 minimum to open
  • No service charge for customers who maintain a minimum balance of $2,500.00. Otherwise pay a low monthly service charge of $10.00.
  • Monthly statements

View full benefits of this account >>

Business Integrity Plus Money Market

For those keeping a higher balance

The Integrity Plus Money Market Account is a high yield split-rate account for the individual or business who anticipates keeping a higher balance in the account but desires liquidity.

Benefits:
  • $2,500.00 minimum to open
  • No service charge for customers who maintain a minimum balance of $2,500.00. Otherwise pay a low monthly service charge of $10.00.
  • Monthly statements

View full benefits of this account >>

Business Sweep Account 

Earn maximum interest

Our Business Sweep Account is a fully automated cash management solution where idle funds can earn maximum interest. This account can help simplify accounting processes by eliminating the need to make manual transfers while allowing same day access to funds.

Benefits:
  • No service charge
  • No minimum amount required to open
  • Monthly statements

View full benefits of this account >>








View and compare the benefits of our business savings accounts


 Business Savings Integrity Money Market Integrity Plus Money Market
Balance Needed to
Earn Interest
 $250
 $2,500 $.01
Minimum Monthly Average Daily Balance to Waive Service Charge $250
$2,500
$2,500
Monthly Service Charge if Balance is Below Minimum Average $1
 $10
 $10
Per Item Service Charge
 First 20 Transaction Items* Free per Statement Cycle, $.12 per item after
 N/A
 N/A
ATM Transactions Free at all Skowhegan Savings locations Free at all Skowhegan Savings locations Free at all Skowhegan Savings locations
Statements
(with images)
 Quarterly (no images)
 Monthly
 Monthly
Free Online, Mobile & Telephone Banking Yes
 Yes Yes
Check Writing N/A
Limited each Statement Cycle
 Limited each Statement Cycle 


 

Additional business account benefits:

Sweep Account - a fully automated cash management solution that earns maximum interest

Multiple Users - offers the ability to establish multiple IDs with customizable permissions

ACH Processing - allows you to electronically process receivables and payables

Remote Deposit - deposit checks from anywhere

Outgoing Bank Wire - provides a secure method of transferring funds

Merchant Services - credit card processing and gift cards

Payroll Services - payroll, direct deposit, withholding and auto tax pay



See Personal Banker for full product disclosure.

*Transaction items include, but are not limited to, all items posted to accounts such as checks written, checks deposited, automatic deposits and withdrawals.


Here for your business.  Banking that goes to work for you.

Business Checking 
Our checking accounts are designed to make it easy to manage your business finances.
 
 

Health Savings 
A health savings account to help you and your employees save for health care expenses.
  
  
Business Term Loans
Term loans give you funds to expand facilities or purchase equipment and machinery.
 
 
Lines of Credit
A business line of credit is a versatile tool that gives you
pre-approved access to funds when you need them.
 
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See a Personal Banker for full product disclosure.


*Third party fees may apply.