Business Savings Accounts
Whatever the size of your business, there is sure to be a business savings account to suit your needs. Achieve your business goals with business banking solutions from Plumas Bank.
Best Business Savings Account Options
As your business grows, so do your banking needs. Plumas Bank offers a varied selection of savings account options. Whatever the size of your business, there is sure to be an account to suit your needs.
Business Savings Account Options
Plumas Bank understands how important it is to build your savings. That's why we offer smart savings solutions with competitive rates, FDIC protection, and the flexibility to access your money any time.
When you want instant access while earning interest on your daily account balance.
- Minimum balance required (opening) is $100
- Monthly service fee is $5
- Minimum daily balance to avoid service fee is $300
- Certain withdrawal transactions limited to 6/statement cycle, $7.50 thereafter
A withdrawal is defined as any of the following types of transactions: Transfers in person, in person cash withdrawals, transactions by mail, telephone transfers, to make a loan payment, to purchase cashier's checks from your savings account, transfers from a savings account at another institution or third parties by preauthorization, automatic ACH or Online Banking. Debit Card and POS transactions are not allowed.
- Funds are liquid and easily accessible
- FDIC insured, provides peace of mind
Add+vantage and Fixed Certificate of Deposit
When you want guaranteed returns for a specific period of time.
- Only $500 minimum opening deposit
- CD early closure rates very. Contact your Plumas Bank office for more details.
- Earn a higher interest on daily balance
- Automatically renewable
SEP (Simplified Employee Pension Plan)
What is a SEP and how does it work?
For customers who are employed by participating companies, this plan offers individuals an excellent means of building funds for retirement. Ask your local branch for details.
IMPORTANT INFORMATION ABOUT OPENING A LEGAL ENTITY ACCOUNT
Effective May 11, 2018, new rules under the Bank Secrecy Act will aid the government in the fight against crimes such as terrorism, money laundering, tax evasion, fraud, and other national security threats.
EACH time an account is opened for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number (as well as identification documents) for each individual that has beneficial ownership (25% or more) and one individual that has significant managerial control of the Legal Entity.
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.
We support all efforts to protect and maintain the security of our clients and our country. We appreciate your cooperation in assisting us to comply with this federal regulation.