Every business has financial goals, whether it’s managing seasonal cash flow, preparing for future equipment purchases, expanding your operations, or simply creating a stronger financial safety net. To achieve those goals, you need savings solutions that are reliable, flexible, and aligned with your growth plans.

At Minster Bank, we understand that business savings strategies are not one-size-fits-all. That’s why we offer a range of savings options designed to help your business build financial strength at every stage. Our Business Savings, Business Money Market, and Certificate of Deposit (CD) offerings each provide a different balance of accessibility, security, and earning potential.

Business Savings Accounts

A Business Savings Account is the foundation of a strong financial plan. It provides a dependable place to store excess operating funds while earning interest over time.

• Simple way to begin building reserves: Ideal for managing cash flow fluctuations, emergency funds, or future purchases.
• Earn interest while maintaining access: Funds are available whenever your business needs them, without long-term commitment.
• Low minimum balance requirements: Designed to support businesses of all sizes – from start-ups to established companies.
• Connected to your digital banking tools: View balances, transfer funds, and track savings growth with our online and mobile banking platforms.
• Easy to pair with your checking account: Internal transfers are fast and secure, helping you manage day-to-day operations smoothly.

This account is a smart first step if your business is building financial stability or preparing for future growth.

Business Money Market Accounts

If your business is looking to earn more on savings while still keeping funds accessible, a Business Money Market Account provides a strong middle ground between flexibility and higher earning potential.

Key Advantages:

• Higher interest rates that reward larger balances: The more your business saves, the more your savings can grow.
• Access to funds when needed: Take advantage of competitive earnings without tying funds up long term.
• FDIC-insured for security and peace of mind: Your savings are protected up to federal insurance limits.
• Check-writing and transfer privileges: Certain account tiers allow for limited withdrawals while still preserving strong earning potential.
• Ideal for short- and mid-term financial goals: Perfect for saving toward equipment upgrades, expansion plans, or future bulk purchases.

This account benefits organizations that maintain steady reserve funds and want those funds to work harder for the business.

Certificates of Deposit (CDs)

For long-term planning or funds you don’t need access immediately, Certificates of Deposit can deliver even stronger guaranteed returns.

Key Advantages:

• Locked-in interest rates for predictable growth: You know exactly what your return will be for the full term of the CD.
• Flexible term options: Choose the length that aligns with your business timeline – from several months to multiple years.
• Generally higher earnings than standard savings: CDs reward your business for committing funds to longer-term savings.
• Reliable security: CDs are FDIC-insured up to federal limits, providing a strong, stable savings tool.
• Ideal for planned future expenses: Great for saving for equipment, facility improvements, future investments, or long-term reserves.

If your business is planning ahead for major purchases or strategic growth initiatives, CDs offer guaranteed, dependable returns.

Why Partner With Minster Bank?

Your financial goals matter, and so should your banking experience. When you save with Minster Bank, you receive more than just an account; you gain a financial partner dedicated to supporting your business’s success.

What sets us apart:

• Local decision-making and personalized guidance: Not cookie-cutter solutions.
• A relationship-focused approach: We take time to understand your business and its goals
• Modern digital tools and support: Convenience meets reliability
• A long history of serving our communities: Trusted by businesses across the region for generations.

Whether you’re just starting to build your financial cushion or planning for strategic growth, we’re here to help you choose the savings strategy that fits.

Ready to strengthen your business’s financial future? Visit any Minster Bank location or Contact Us today to discuss which savings solutions are right for you.