Checking and Savings
At InsurBanc, we want to be an active partner in your business, ensuring you have the financial tools necessary to foster growth at every stage. Our Cash Management Specialists are eager to work with you to better understand your agency banking needs and recommend solutions that are right for you today and will grow with you tomorrow.
Business Checking Accounts
InsurBanc offers checking account tailored to your agency’s needs. Each provides benefits to grow your agency with easy access and better controls.
Our Easy Business Checking is a product designed for small businesses that process limited transactions.
- Minimum to open account is $100.00
- Account allows up to 200 transactions per statement cycle at no charge.
- No monthly maintenance service charge if a $2,500.00 average collected daily balance and transaction limits are maintained.
Our Business Checking Account provides convenience and personalized service with unlimited transactions.
- Minimum to open account is $100.00.
- A competitive earnings credit allowance may offset all or a portion of the monthly maintenance service charges.
- Combined statements available.
Our NOW Checking Account is an interest bearing account available to sole proprietors and non-profit organizations. (Must be a 501C organization to be eligible.)
- Minimum to open account is $100.00.
- Interest rate is variable and tied to the account balance.
- Interest will be compounded monthly and credited to your account every month. A $1,500.00 average collected daily balance must be maintained to earn interest. For current rate information, click here.
- No monthly maintenance service charges if the average collected daily balance of $1,500.00 is maintained.
Our Business Money Market Account is available to sole proprietors, businesses and non-profit organizations. A tiered account, the Money Market Account rate is variable and is tied to the account balance.
- Minimum to open account is $2,500.00.
- Interest will be compounded monthly and credited to your account every month. A $2,500.00 average collected daily balance is required to earn interest. For current rate information, click here.
- No monthly maintenance service charges if a $2,500.00 average collected daily balance is maintained.
Business Savings and CDs
Secure the financial future of your business with sound savings options from InsurBanc. From a simple savings to money market or certificates of deposit (CDs), we offer sensible saving solutions designed to help you reach your financial goals.
- Minimum to open account is $100.00.
- Interest will be compounded monthly and credited to your account each month. Average collected daily balance required to earn interest is $200.00. For current rate information, click here.
- No monthly Maintenance Service Charge if a $200.00 average collected daily balance is maintained.
Our High Yield Business Savings Account is a tiered product with a variable interest rate. This product is available to businesses, non-profit organizations and sole proprietors.
- Minimum to open account is $1,000.00.
- Interest will be compounded monthly and credited to your account every month. A minimum average collected daily balance of $1,000.00 is required to earn interest. Higher balances may earn higher interest rates and annual percentage yields. For current rate information, click here.
- No monthly Maintenance Service Charge if a $1,000.00 average collected daily balance is maintained.
Our Certificates of Deposit offer competitive rates and financial security
- Convenient terms ranging from 12 months to 60 months.
- 12 – 36 months: Minimum deposit required to open account is $500.00; 60 months: minimum deposit required to open account is $2,500.00
- Interest will be compounded monthly and credited to the account. For current rate information, click here.
- Certificates of Deposit are automatically renewable.
- A penalty may be imposed for early withdrawal.
Jumbo Certificates of Deposit ($100,000 or more) are available. Please contact us for current rate information.
