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Business Savings & Money market

Whether you want to protect your profits or maximize earnings, Algonquin State Bank lets you choose the account that's right for your buiness.

  • Corporate Statement Savings Account

    • Interest compounded and credited to account every quarter
    • Requires an average daily balance of $300.00
    • Maintenance fee imposed if average daily balance falls below $300.00 for the quarter
    • You must deposit $100.00 to open this account
  • Money Market Deposit Business Account

    • Interest compounded and credited to account every month
    • $1,000.00 balance during the statement cycle is required
    • Monthly maintenance fee imposed if balance falls below $1,000.00
    • Additional fees may be imposed for non-compliance with transaction limitations
    • You must deposit $1,000.00 to open this account
  • Investor Money Market Deposit Business Account

    • Interest compounded and credited to account every month
    • Requires a $10,000.00 balance during the statement cycle
    • Monthly maintenance fee imposed if the balance falls below $10,000.00 and no interest paid
    • Additional fees may be imposed for non-compliance with transaction limitations
    • You must deposit $10,000.00 to open this account

Should you require additional information on Business Savings and Money Market accounts, please call our Personal Bankers at (847) 658-4535 and they will be happy to assist you.

Please click to view and download our Terms and Conditions.