Business Savings
When you can afford to put aside some of your business assets, why not put them in a safe place where they can earn a handsome interest rate? Drop them into a Business Savings Account where they can bring in dividends.
- Summary
Benefits of this account include:
- No minimum deposit
- Free Electronic Check Recovery Service (ECR)*
- Free Online Banking
- Free e-Statements
- NCUA insured
To open a Business Savings Account stop by any branch or call us today!
*See "Additional Services" tab.
- Additional Services
We also offer additional business services:
- Small business educational resources
- Safe deposit boxes at Denham Springs Financial Resource Center only
- Online tax service (EFTPS)
- Helpful Business Links
ELECTRONIC CHECK RECOVERY SERVICE (ECR)
A free ECR service is available through Infinity Business Group (IBG/FARS). They provide payment solutions which include a check recovery service utilizing ECR through the Automated Clearing House (ACH) Network. They also offer traditional recovery methods utilizing letter writing and telephone contact directly with the check writer. For a welcome kit, decals, or questions call 877.546.2678 or visit www.IBGfars.com.
- Opening Your Account
What You Need to Open Your Business Account
Sole Proprietorship
- Trade Certificate from the Secretary of State's Office (original)
- Employer Identification Number or Social Security Number
- Proper identification for all authorized signers including SSN, DOB, and copy of driver's license or other approved identification
Partnership
- Partnership Agreement
- Partnership's TIN
- Partnership Registry from the Secretary of State's office (stamped original)
- Proper identification for all authorized signers including SSN, DOB, and copy of driver's license or other approved identification
Limited Partnership
- Limited Partnership Agreement
- Partnership Registry from the Secretary of State's office (stamped original)
- Partnership's TIN
- Proper identification for all authorized signers including SSN, DOB, and copy of driver's license or other approved identification
Limited Liability Partnership
- Limited Liability Partnership Agreement
- Certificate of Limited Partnership issued by the Secretary of State's office (stamped original)
- Partnership's TIN
- Proper identification for all authorized signers including SSN, DOB, and copy of driver's license or other approved identification
Corporation
- Certificate of Incorporation from Secretary of State's office
- Articles of Incorporation
- Certificate of Authority (only if the corporation is located outside of Louisiana)
- Corporation's TIN
- Copy of meeting minutes that designate the most recent officers of the corporation
- Proper identification for all authorized signers including SSN, DOB, and copy of driver's license or other approved identification
Limited Liability Company
- Articles of Organization and Initial Report from Secretary of State's office (stamped original)
- Limited Liability Operating Agreement (if available)
- Certificate of Limited Liability Company issued by the Secretary of State's office (stamped original)
- Limited Liability Company's TIN
- Proper identification for all authorized signers including SSN, DOB, and copy of driver's license or other approved identification
Non-Profit or Unincorporated Association
- Copy of By-laws, charter or Letter of Purpose
- Meeting minutes authorizing account opening and authorized signers
- TIN and/or form 501(c)3
- Proper identification for all authorized signers including SSN, DOB, and copy of driver's license or other approved identification
Rates
Rates current as of September 7, 2010
| Business Service Rates | Rate | APY ¹ |
|---|
| Business Savings Accounts ² | 0.25% | 0.25% |
