Business Banking - Savings

Verity Business Savings

Regular Business Savings Account

Leverage your earnings for additional income while your funds stay readily available.

  • Earn interest on any balance, with a competitive rate that adjusts to market conditions.
  • Avoid the $5 monthly maintenance fee with just a $100 average daily balance.
  • Only $100 minimum to open account.

Verity Business Money Market

Make your company's money work as hard as you do. Earn investment-level interest while your money is protected by the FDIC and have easy access to your funds.

  • The higher your account balance, the higher the rate you will earn, based on the following balance tiers:
    $0 - $9,999
    $10,000 - $24,999
    $25,000 - $49,999
    $50,000+

  • Avoid the $15 monthly maintenance fee with just a $1,000 average daily balance.

  • Only $1,000 minimum to open account.

Verity Business Certificates of Deposit

Plant your money and watch it grow. Keep your profits safe while they're earning competitive rates.

  • A variety of CD terms and amounts are available to fit your needs.
  • It's your choice: interest can be paid monthly, quarterly, semi-annually, annually, or at maturity of the CD.
  • Interest can be transferred to other business accounts with the same tax I.D. number.
  • Certificates can be set up for automatic renewal to save you time.
  • Penalty may be applied for early withdrawal.

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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest and Interest on Lawyers Trust Accounts (“IOLTAs”).

It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and Money-Market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
© Copyright 2007. Verity Bank. Member FDIC. Equal Housing Lender