Business Savings Options
Managing cash reserves is a vital strategy for all businesses. Our business savings programs allow you to shift surplus funds from your checking account, so your money earns interest while remaining accessible.
- Business Life Savings
- A basic account for all businesses that holds cash reserves while paying you interest. Statements are issued quarterly or monthly if combined with a checking account.
- Business Life Money Market
- Take advantage of excess cash reserves by using a money market account with tiered rates that increase automatically as your balances grow. Easy access to funds by check or online.
- Sweep Account
- For higher yielding investments, this option may be ideal for you. Cash reserves that rise above a predetermined level are "swept" into an alternate account with potentially higher returns. Sweep Accounts work in tandem with our Business Analysis checking account.
All new GSB accounts are subject to a credit report obtained at Bank expense.