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Extraco Banks
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Business Savings

Future-proof.
    We help you plan with a purpose - your business’ success.
Let us help make your money work smarter for you.
Invest in the future of your business. Find the right account that’s the best fit for your business needs.

Money Market Savings

The perfect account for larger balances with the ability to earn tiered interest as your savings grows.

Key Considerations:

  • Tiered interest rates¹ that provide a higher return the more you save
  • The convenience of check writing or debit card access²
  • Free Online/Mobile Banking
  • Free Bill Pay
  • $100 to open
  • Sweep Available³

¹Interest rates and Annual Percentage Yield (APY) may change in value at banks discretion. Fees may reduce earnings. Rates are subject to change.
²Transfers to another account, or to a third party via any means are limited to 6 per statement cycle. A $15 fee will apply to each debit/check transactions exceeding the limitations.
³A regular sweep of funds from an Extraco checking account to the Money Market Savings Account. It can also be set up to cover any outstanding non-sufficient funds in a checking account to avoid overdraft service fees.

Note: Money Market Savings Accounts that are inactive for 6 months with a balance less than $35 will be closed and assessed a fee equal to the remaining balance.


Certificate of Deposit

Watch your business funds and savings grow as you earn fixed interest for the term of your choice.

Key Considerations:

  • Typically a higher interest rate than Money Market Savings
  • Continuous compounding means that interest earned today earns interest tomorrow
  • There is no charge to open a CD

Individual Retirement Accounts (IRA)

Invest for tomorrow with Traditional or Roth IRA plans.

Key Considerations:

  • Contributions are tax deductible (certain restrictions apply) and earnings are tax-deferred until funds are withdrawn
  • Roll over your former 401(k) or other employer-sponsored retirement plans into a rollover IRA to consolidate your assets
  • Select from an array of investment options that may be significantly greater than those available through your former employer-sponsored plan
  • Easily monitor your investments in one place

Merchant Services 

It all ends with the point-of-sale. 

We make it easy for your customers to pay with a card. The easier it is, the happier your customers with be.

A woman types her PIN number into a portable credit card reader as the cashier rings up her coffee.

Money Market Tiered Interest Rates Chart

 Balance up to Interest Rate APY
$0 - $2,499 0.05% 0.05%
$2,500 - 9,999 0.05% 0.05%
$10,000 - $24,999 0.10% 0.10%
$25,000 - $49,999 0.10% 0.10%
$50,000 - 99,999 0.12% 0.12%
$100,000 - $249,999 0.12% 0.12%
$250,000 - 499,999 0.15% 0.15%
$500,000 - $999,999 0.15% 0.15%
$1,000,000 and above 0.15% 0.15%
1 Interest rates and Annual Percentage Yield (APY) may change in value at banks discretion. Fees may reduce earnings. Rates are subject to change. Rates are accurate as of 8/13/2018.

Certificate of Deposit Interest Rate Chart

CD Type  Interest Rate APY
30 Day 0.10% 0.20%¹
90 Day 0.15% 0.30%¹
180 Day 0.25% 0.50%¹
1 Year 0.50% 0.75%¹
18 Month 0.60% 0.85%
24 Month 0.85% 1.15%
1 A minimum of $1,000 required to open a CD and earn the Annual Percentage Yield (APY).
2 A penalty for early withdrawal may be imposed.
3 Rates are accurate as of 8/13/2018.

Individual Retirement Accounts

 Term Interest Rate APY
180 Day¹ 0.10% 0.10%
12 Months¹ 0.10% 0.10%
18 Months¹ 0.25% 0.25%
24 Months¹ 0.45% 0.45%
30 Months¹ 0.70% .70%
36 Months¹ 0.85% .85%
BULK UP 36 MONTH* 1.50% 1.50%
1 For IRAs that have a term of more than 90 days, interest will be compounded and credited quarterly.
2 If you close your account before interest is credited, you will receive the accrued interest, subject to any penalty for early withdrawal.
3 Rates are accurate as of 8/13/2018.