Fahey Bank Business Checking, Savings, and Investments
The cornerstone of most business banking services. Fahey offers business checking, savings and investment accounts customized to meet specific needs and goals.
Select A Product From Below:
- Basic Business Solution Checking Account
- Regular Business Checking Account
- Business Interest Checking Account
- Business Sweep Account
- Business Savings Account
- Money Market Savings Accounts
- Certificate of Deposit (CD)
Especially suited for small businesses, this account is available to any proprietorship, partnership or corporation. The account is FREE with 125 transactions, an average balance of $1,000, online banking and online statements. Other additional services include Small Business Lines of Credit, Merchant Services, Online Cash Management, Employee Direct Deposit Benefits, and Personal Checking, Savings, Loans, and Investment Options.
Especially suited for corporations and businesses that transact large volumes of checks, and can include any of our cash management, credit card merchant, coin and currency, foreign currency or wire services.
Sole proprietors, non-profit corporations and political subdivisions can take advantage of this interest-bearing checking account. It features check writing privileges, a low fee, and interest at competitive rates.
A Business Sweep Account works to cover costs associated with a Business Checking Account, (usually a predetermined dollar amount) but "sweeps" your unused dollars left in the checking account to earn interest overnight. Interest rates are determined by three tier levels tied to the 13-week U.S. Treasury Bill rate. With a Fahey Bank Business Sweep Account, your money is always working for you.
With a Business Savings Account, all funds are liquid and safe. It's perfect for businesses that want to earn interest on their dollars without tying up funds. A Fahey Business Savings Account offers competitive interest rates, check writing ability (some limitations apply) and easy access to funds.
Fahey's Money Market Savings Account combines the ability to earn our highest Money Market interest rates with easy access to your money by writing up to three third party checks, and a total of six transfers a month are free. No fees apply if an average balance of $2,500 is maintained each statement cycle.
A Fahey Certificate of Deposit (CD) will usually earn you a higher fixed rate of interest. The CD's mature from as quickly as six months to five years and only require a minimum deposit of $500. The interest you earn may be put directly into your Fahey checking or savings account. Interest may also be applied to the CD's principal. Certain restrictions may apply. Substantial penalty for early withdrawal.