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Commercial Deposit Accounts

Business Checking

The Savannah Bank provides an economical method of depositing funds and check writing, while maintaining a detailed record of all transactions. Service fees are based upon an analysis of account activity. An earnings credit is calculated for your average monthly collected balance and may offset maintenance and activity charges. If the activity charges exceed the credit amount, your account will be charged the difference. $100 deposit required to open account.

  • Monthly Account Maintenance . . . . . . . $15.00
  • Items Deposited . . . . . . . . . . . . . $.10 per item
  • Checks/Debits Paid. . . . . . . . . . . . $.15 per item li>ACH Debit/Credit . . . . . . . . . . . . . $.15 per item
  • Deposits Credited . . . . . . . . . . . . $.50 per deposit
  • Cash Handling – Currency . . . . . $.30 per $100
  • Cash Handling – Coin. . . . . . . . $.12 per roll

FREE Business Checking

  • No monthly maintenance fee
  • First 200 items free
  • Fee for items over 200……….$.15 per item
  • $100 deposit required to open account. After account opening, no minimum balance required

Business Interest Checking

  • FOR NON-PROFIT ORGANIZATIONS ONLY
  • No monthly maintenance or activity fees if you maintain a $3,000.00 minimum average daily balance
  • Interest paid on your daily balance
  • $10.00 monthly maintenance fee plus $.15 per debit, $.50 per deposit and $.09 per check deposited if your minimum average daily balance is less than $3,000.00
  • $100 deposit required to open account

Business Money Market

  • No monthly maintenance if you maintain a $1,000.00 minimum daily balance or a $2,500.00 minimum average daily balance (otherwise, $6 per month)
  • Money Market rates paid on your daily balance
  • Withdrawals limited to six per monthly statement period; each additional withdrawal is $5
  • $100 deposit required to open account

The MAX! Business Money Market

  • No monthly maintenance fee if you maintain a $10,000 minimum average daily balance (otherwise, $15 per month)
  • Premium Money Market rates paid on your daily balance
  • Withdrawals limited to six per monthly statement period; each additional withdrawal is $5
  • $100 deposit required to open account

Business Savings

  • No monthly maintenance fee if you maintain a minimum daily balance of $100.00 (otherwise, $6 per quarter)
  • Six free withdrawals per quarterly statement period and only $2.00 for each additional withdrawal
  • $100 deposit required to open account

Business Certificates of Deposit

  • Earn competitive fixed interest rates with as little as $500.00
  • Choose a maturity term from 7 days to 5 years
  • Three convenient ways to receive interest: by check, direct deposit into a The Savannah Bank account or add interest back to principal

IOLTA

We offer a special interest-bearing account to Attorneys who wish to participate in the Georgia Bar Foundation’s Interest On Lawyers Trust Account (IOLTA) program.

  • Escrow money deposited to an IOLTA account will earn interest at our announced IOLTA interest rate.
  • Each month, the interest earned on the account, less any service charges is remitted to the Georgia Bar for funding its public programs.
  • $100 deposit required to open account

We also offer the following services to complement your banking needs:

    • Business Online Banking
      • View transaction details and check images
      • Transfer between accounts
      • Pay bills
      • Receive Statements Online
      • View loan activity and make payments
    • Cash Management
      • ACH (Automated Clearing House) Services
      • Pay employees with direct deposit
      • Pay vendors or suppliers electronically
      • Collect payments from clients electronically
      • Wire Transfers
      • And much more
    • Remote Deposit
      • OfficeTeller allows you to scan paper checks from your desktop and electronically send the images for deposit
    • Sweep Accounts
      • Automatically invest your excess balances each night into a predetermined investment instrument
      • To better manage your daily cash position, tie your sweep account to a line of credit which can be combined with your overnight investment
    • Employee Services
      • Employee Checking Accounts: When you have a business checking account with us, your employees qualify for our perk-filled V.I.P. Checking Account
      • Health Savings Accounts (HSA): Employees benefit from tax-exempt savings for medical expenses through our HAS. Employee must be enrolled in a high-deductible health insurance plan
    • Other Helpful Services
      • Lockbox Services
      • 24-Hour Telephone Banking
      • Merchant Bank Card Service
      • Courier Service
      • Saturday Banking
      • Night Depository