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Business Savings Accounts to Grow Your Cash

Business savings accounts from Rural American Bank provide a place to set aside and grow your business reserves. The accounts earn interest and build peace of mind.

Products You Need: Start with a basic savings account – or earn higher rates for higher balances.

Services You Expect: Pre-authorized, automatic or telephone transfers depending on the account.

Convenience You Deserve: Stop by, call us or view your accounts online.

Choose from two business savings options:

Statement Savings: Earn higher interest rates.

Basic Savings: A simple option with low minimum balances.

Account Highlights Interest Service Charge Minimum Opening Balance
Statement Savings
  • Higher rate of interest than Basic Savings
  • Quarterly detailed statement
  • Unlimited in-person transactions
  • Withdrawal limitations apply per federal regulation *
  • Interest accrues daily and is credited and compounded quarterly
  • Contact us for current rates
  • $3 monthly maintenance fee if account balance falls below $200 on any day during the month
$100

 

Account Highlights Interest Service Charge Minimum Opening Balance
Basic Savings
  • Unlimited in-person transactions
  • Withdrawal limitations apply per federal regulation *
  • Quarterly detailed statement
  • Interest accrues daily and is credited and compounded quarterly
  • Contact us for current rates
$3 monthly maintenance fee if monthly average ledger balance falls below $50 any day during the month (waived if you are under 18 years of age) $50

* During any month, you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by a preauthorized or automatic transfer or telephone order.

Worry-Free Banking Services

Rural American Bank is your one stop for convenient banking services. Easily manage your accounts, protect your important belongings and control your finances.

 

In Braham, contact:
Dennis Cunningham
Dennis Cunningham
Financial Consultant
email Dennis
(320) 396-3377

In Pine City, contact:
Sara Turner
Sara Turner
Financial Consultant
email Sara 
(320) 629-2561

Frandsen Bank & Trust’s Investment Management & Trust Department has been in operation since 1969 and assists over 1,300 individual and business investment clients throughout the upper Midwest.

Contact us today for FREE consultation. 507.233.4800

Our invitation to you:

You can look to us for a full-range of money management skills and facilities.

And you will find an emphasis on responsive, personal service that is rare in today’s business world.

We cordially invite you to become better acquainted with us and with our work. If you prefer to have one of our financial professionals meet with you at your home or office, simply contact us to arrange an appointment.

For more information on the services we provide, watch a video.

Trust Plan
Trust Plan (click here)

Inheritance
Inheritance (click here)

Retirement
Retirement (click here)

Divorce
Divorce (click here)

Empty Nesters
Empty Nesters (click here)

401k Rollover
401(k) Rollover (click here)

Bank on Main Street

Worry-Free Banking Services

Rural American Bank is your one stop for convenient banking services. Easily manage your accounts, protect your important belongings and control your finances.

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Braham Office: 320.396.3377 | Pine City Office: 320.629.2561
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