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Business Savings


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Services Features Benefits Fees
Business Money Market Interest-bearing account typically used by businesses who wish to earn interest on deposits which they will not withdraw for a period but can still write checks.
  • - 2,500.00 minimum to open account
  • - Interest-bearing, paid monthly on balances above $2,500.00
  • - Link as overdraft protection
  • - Unlimited credit transactions
  • - Free Online Banking
  • - $15.00 maintenance fee if monthly average balance falls below $10,00.00
Business Savings Earn interest on deposits which are not withdrawn for a period of time. The account is often used as a means of building savings for future use.
  • - Interest-bearing, paid monthly on balances above $200.00
  • - Link as overdraft protection
  • - Unlimited credit transactions
  • - Free Online Banking
  • - $10.00 maintenance fee if monthly average balance falls below $5,00.00
Certificate of Deposit Certificate of deposits are typically used by businesses who wish to earn interest on deposits for a term.
  • - $1,000.00 minimum to open account
  • - Competitive local rates
  • - Interest-bearing, paid monthly
  • - Terms range from 30-days to 5-years
  • - Tiered rates
  • - Automatic Renewals
  • - 7 calendar day grace period
  • - Free Online Banking
  • - Early withdrawal penalties dependent on term
Safe Deposit Boxes Option for safekeeping records and other valuables. Only available at Santa Rosa Main branch.
  • - Many sizes available
  • - 2 keys issued
  • - Auto account debit for ease of rental payments required
  • - Rent is based on box size
  • - $15.00 Key Deposit, reimbursed upon box closure and return of keys.

 

 

Nonprofit Partner Program:


Designed for 501(c) tax-exempt organizations to enhance fundraising efforts and maximize organization’s money.

Non-interest bearing operating accounts: Earn 0.95% on non-interest bearing operating accounts. Analyzed business accounts are included. For example, a $100,000 average Summit account balance would receive a $950 annual contribution.

Interest-bearing accounts: Earn 0.25% on your interest-bearing Summit savings, money market and demand deposit accounts. For example, a $100,000 average Summit account balance would receive a $250 annual contribution.

Insured Cash Sweep (ICS): Earn 0.65% on non-interest bearing operating account or 0.15% for an interest-bearing account.

 

 

Summit State Bank - A Better Sonoma County. That's Our Business. Member FDIC

FDIC - FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Phone:

(707) 568-6000

Email:

info@summitstatebank.com

Address:

500 Bicentennial Way
Santa Rosa, CA 95403

 

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Equal Housing Lender

Routing Number: 321181307

NMLS ID: 451741

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