Business Savings
Helping You Reach New Heights
Whether you're planning to invest in equipment or expand your operations, Timberline Bank is your business banking partner for long-term success. A business savings account can help your organization protect capital and grow wealth for future use. When you have your business banking fully connected at Timberline Bank, you can easily manage money, transfer funds, and review combined statements.
Account Comparison
|
Business Savings |
|
|---|---|
|
Description |
$100 minimum balance Great way to save money for your business needs. Free Online and mobile banking |
|
Minimum to Open |
$100 |
|
Interest Bearing |
Yes |
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Minimum Balance to Earn Interest |
$200 |
|
Monthly Maintenance Fee |
$0 |
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Business Money Market |
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|---|---|
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Description |
$1,000 minimum balance to earn interest Great way to save money for business needs while easily accessible. Free online and mobile banking |
|
Minimum to Open |
$1,000 |
|
Interest Bearing |
Yes |
|
Minimum Balance to Earn Interest |
$1,000 |
|
Monthly Maintenance Fee |
$0 |
Account Comparision
|
Features |
Business Savings |
Business Money Market |
|---|---|---|
|
Description |
$100 minimum balance Great way to save money for your business needs Free Online and mobile banking |
$1,000 minimum balance to earn interest Great way to save money for business needs while easily accessible Free online and mobile banking |
|
Minimum to Open |
$100 |
$1,000 |
|
Interest Bearing |
Yes |
Yes |
|
Minimum Balance to Earn Interest |
$200 |
$1,000 |
|
Monthly Maintenance Fee |
$0 |
$0 |
Business Savings or Money Market Account - Which is Right for You?
Unlock your business's growth potential with a dedicated business savings account. Earn interest while building a financial cushion for future opportunities, whether it's expansion, new equipment, or simply a rainy day fund. Separate operating funds from savings for clearer financial management.
Optimize your business's cash management strategy with a money market account. Earn competitive interest rates on your balances while retaining the flexibility to access your funds when needed. It's an ideal solution for short-term savings and maximizing returns on idle cash.
Ready to Get Started? Here's What You'll Need to Open An Account.
Depending on your type of business, you'll need to meet the following requirements to open an account at Timberline Bank:
All businesses must provide an employer identification number (EIN) and physical & mailing address. Beneficial ownership of 25% or more will require each signer to provide a social security number, physical address, and date of birth.- Signed Resolution adopted by the Corporation's Board of Directors (add Bylaws before signed resolution of signed minutes designating authorized signers)
- Articles of Incorporation and Certificate of Good Standing from Secretary of State
- Articles of Organization and Certificate of Good Standing from Secretary of State
- Organization Resolution or Operating Agreement (signed)
- Trade Name Affidavit (if operating under a different name)
- Articles of Organization and Certificate of Good Standing from Secretary of State
- Trade Name Affidavit
- Trust Account Summary
- Trust Agreement
- Trust Synopsis
Open Your Business Savings Today.
Business Savings FAQs
A bank account designed for businesses to hold funds they don't immediately need for operational expenses, allowing them to earn interest.
The effective annual rate of return, taking into account compounding interest. This is what you actually earn in a year.
Yes, federal regulations limit the number of certain types of withdrawals (like transfers to another account or checks) you can make from a business savings account each month.
Why Timberline Bank?
in the Nation
Don't Just Take Our Word
I am continually amazed at the friendliness, service, and professionalism of everyone from hostess to teller to a team member. I have dealt with two other credit unions in town and Timberline is way above anything these two have offered. They are the best.
Robert W.
You become familiar, being catered to your every need, invited to special events, and each and every one who works at this bank takes a personal interest in a growing relationship, creating a community in which one becomes a part of. There is a common goal between all parties, to be successful and collaborative as possible for success for all.
Laura S.
Timberline Bank’s entire staff was beyond friendly and helpful. Transitioning to a new bank was something we put off due to multiple accounts and the fear of this taking a huge task to accomplish. Timberline made this a breeze and don’t forget the beautiful location!
Rachael E.
By far the best bank in town. I have loved my 15 year membership so far. Staff is amazing. Highly recommend Timberline Bank!
Greg B.