Business Savings Accounts
Savings Account
- Allows you to move funds between your checking account and an FDIC-insured interest bearing account throughout the month to maximize balances accruing interest.
- Minimum Daily Balance of $100 required.
Money Market Account
- Combines liquidity and convenience in an interest-bearing account with limited check-writing privileges Allows you to manage your cash flow by moving funds between your checking account and an FDIC-insured interest bearing account.
- Unlimited deposits
- Up to six free in-person teller withdrawals ($.50 charge for each withdrawl after six) and up to six preauthorized withdrawals each statement cycle.
- Interest rates are tiered which provides a higher yield with higher balances.
- Minimum Daily Balance of only $1,000
Certificates of Deposit
We regularly offer a wide range of fixed-rate certificates of deposit, including the following terms:
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Minimum balance to open a fixed-rate certificate of deposit is $1,000.
Town Bank is also proud to be a member of CDARS®, the Certificate of Deposit Account Registry Service®, the most convenient way to enjoy full FDIC insurance on deposits of up to $50 million.
From time to time we offer special fixed rate certificates of deposits with higher minimum balances for other monthly terms.
Please call for current rates and specials.
