In Observance of Juneteenth Our Offices Will Be Closed June 19, 2024

Business Checking Accounts and Other Deposit Products

Quaint Oak Bank’s business deposit account options provide our banking customers with money management tools they can rely on. As a cashless bank, your money is protected in a system that prioritizes security, provides better money movement, and delivers stress-free digital access to your funds. We make it easy for you to securely and confidently control your company’s financial transactions. Read more about the benefits of business banking now.

With a business checking account, you will receive:

  • A Discount on Your First Order of Checks
  • Online Banking with BillPay
  • Mobile Banking with Mobile Check Deposit

Quaint Oak Bank offers our business customers access to a variety of our digital banking services, including:

  • Remote Deposit Capture (RDC): Securely deposit checks remotely to save time and trips to the bank
  • ACH Manager: Originate debits or credits quickly and safely
  • Wire Manager: Wire transfer of funds through a convenient and secure system
  • Commercial BillPay: Issue payments online with options to schedule payments in advance and view payment history
  • Positive Pay: Receive automated fraud protection for checks
  • Visa Debit Card: Access 55,000+ surcharge free ATMs
  • QuickBooks® Capability
  • Merchant Services

Our goal is to provide checking options that make banking safe and simple. Contact a member of our team to open a business checking account with Quaint Oak.

Two business men shaking hands in front of a window after opening a business checking account
Group of individuals having a casual meeting in a modern office building conference room

Business Savings Accounts

As a business owner, you work hard. Quaint Oak Bank’s business savings accounts are designed to go to work for you, earning interest while maintaining access to your money.

For more detailed information regarding Quaint Oak Bank’s classic business savings account, speak with a member of our team.

Account TypeInterest RateAnnual Percentage Yield
Classic Savings0.20%0.20%
Minimum opening balance is $25.00. Rates are variable and subject to change.

Business Money Market Accounts

A business money market account allows you to minimize your trips to the bank, make transfers to-and-from your account through BillPay and complete ACH (Automated Clearing House) transfers. Our business money market accounts require a low minimum deposit with attractive rates, making them a convenient account type preferred by business owners.

Account TypeInterest RateAnnual Percentage Yield
Tier 1 ($0.00 – $999.99)1.95%2.00%
Tier 2 ($1,000.00 – $2,499.99)1.95%2.00%
Tier 3 ($2,500 – $99,999.99)1.95%2.00%
Tier 4 ($100,000.00 and higher)2.00%2.05%
Minimum opening balance is $25.00. Interest is paid and annual percentage yield is earned on entire balance in account. Tier 4 rates require an active and in good standing commercial checking account with 5 transactions a statement cycle. Transactions defined as combined deposit or debit transactions. Rates are variable and subject to change.

Business Certificates of Deposit

Business certificates of deposit are a savings option that earns interest on a lump sum over a period of time. They differ from traditional savings accounts in that they have specific, fixed terms and interest rates. Powering your business forward while earning interest over time, our competitive rates fuel your financial goals.  

Account TypeInterest RateAnnual Percentage Yield
6 Months4.81%5.00%
12 Months4.81%5.00%
18 Months4.34%4.50%
2 Years3.87%4.00%
3 Years3.87%4.00%
4 Years3.87%4.00%
5 Years3.87%4.00%
Minimum deposit for certificates of deposit is $500.00. Certificates of deposit accounts carry a substantial penalty for early withdrawal. All rates are subject to change.

Business Checking Accounts and Savings Accounts for Your Future

Our job is to make your job a little bit easier by supplying our customers with business checking accounts and savings accounts that benefit you now and in the future. We strive to provide you with tools that help you efficiently and effectively manage your cash flow. For more information about our deposit account options, connect with one of our team members.

All Rates are Effective 06/12/2024