Business Savings Accounts for Smart Management
F&M, a Lawrence Bank’s business savings accounts are designed to help companies grow their reserves while maintaining full control over liquidity and access. Whether you're saving for future expansion, building an emergency fund, or managing seasonal cash flow, our solutions offer flexibility, competitive rates, and the peace of mind that comes with FDIC insurance.
Business Savings Account Options
F&M offers two versatile business savings accounts to meet your company’s needs, each designed for flexibility and growth.
Business Savings
A reliable solution for businesses that want to set aside funds while maintaining occasional access. Ideal for general savings, tax reserves, or emergency funds, this account offers:
- Competitive interest on all balances
- $50 minimum deposit to open
- Up to six withdrawals per quarter at no charge
- Unlimited deposits
- FDIC-insured up to the maximum allowed by law
- Free Business Online Banking and eStatements
Key Account Features
Our business savings option comes with standard features designed to simplify your financial operations:
- Online and Mobile Access: Monitor balances, transfer funds, and access statements at your convenience
- eStatements: Receive monthly statements electronically with two years of history available online
- FDIC Insurance: Rest easy knowing your business funds are protected
- Low Minimum Opening Deposit: Just $50 to get started
- Flexible Deposit Terms: Make unlimited deposits, ideal for recurring or lump-sum contributions
Who This Account Is Good For
Our business savings accounts are a great fit for:
- Startups or small businesses looking to build financial reserves
- Established firms managing seasonal revenue cycles
- Organizations planning capital expenditures
- LLCs and incorporated businesses seeking compliant savings options
They are especially effective savings accounts for LLC needs, offering ease of use, safety, and structured account activity to help maintain financial discipline.
Why Choose F&M?
We know that managing business finances goes far beyond checking accounts. Our business savings options are:
- Designed with flexibility and growth in mind
- Backed by personal, local relationship banking
- Supported by robust online and mobile platforms
- Tailored to integrate with treasury services like ACH, remote deposit capture, and sweep accounts
- Available with competitive, transparent fee structures
You’ll enjoy the tools of a big bank with the personalized support of a community institution.
Additional Business Services
- Treasury Management Tools: Add ACH origination, wire services, and sweep options
- Remote Deposit Capture: Deposit checks from your desk
- 24/7 Night Depository: Securely drop off funds outside of business hours
- Merchant Services: Streamline customer payments and improve cash flow
Whether you’re building savings for planned expenses or preparing for the unexpected, F&M Bank’s business savings accounts are built to support your long-term goals.
Frequently Asked Questions About Our Business Savings Accounts
What do I need to open a business savings account?
You’ll need business registration documents, an Employer Identification Number (EIN), and a valid government-issued ID. Contact us or visit a local branch for specific requirements.
How much interest will I earn on my business savings account?
Interest rates vary by account type and market conditions. Visit our Current Rates page or contact us for details.
Are my business savings accounts FDIC insured?
Yes, F&M is an FDIC member, and your deposits are insured up to the maximum amount allowed by law.
Can I access my business savings account online?
Yes, both accounts offer free Online Banking and Mobile Banking for 24/7 access.
Are there any fees for business savings accounts?
Some accounts may have fees for exceeding withdrawal limits. See our fee schedule or contact us for details.
Ready to Grow Your Business with F&M?
Whether you're interested in our Business Savings, F&M has the tools and support to help your business thrive. Have questions? Our team is here to help you choose the best savings account for your needs.
Contact a Local Branch