Business Accounts
Why Libertyville Savings Bank?
Libertyville Savings Bank is here for you and helping your business grow and succeed is important to us. Whether you are putting money aside for expansion, taxes or the “just in case” moments we are here to help. Why open your business accounts with Libertyville Savings Bank? You are not just another number. We strive to add value to your relationship with us & encourage you to ask questions and provide feedback. We have many experts on-hand that can be great resources for you. We are a locally owned, community bank that understands small and large businesses. We are passionate about seeing each of our communities thrive, and supporting businesses is an important part of that endeavor.
How Can We Help?
Banking should be simple and as a business owner we know your time is not only valuable, but often limited. We have a multitude of options to ensure you get the most out of your time when it comes to banking. With your account you also get access to our convenient online banking & mobile banking which help you take care of business according to your schedule. If making the daily trip to the bank for deposits is a hassle, we can help relieve that stress too. Ask about Remote Deposit Capture where you can make deposits on your own time. However, if you prefer to come to the bank, we will happily greet you as you walk in the door!
Business Checking
Our business checking account offers simplified, hassle-free checking ideal for companies that don’t have extra time to spend on their financial needs. You can open a business checking account with as little as $50, and there’s no account minimum balance fee if you maintain a balance of $300 or more. A $3 minimum balance fee plus tax is applied when your balance drops below $300. There are no per-item fees on business accounts.
- $50 minimum opening deposit required.
- No minimum balance fee with monthly balance of $300 or more.
- $3 minimum balance fee plus tax applies if balance drops below $300.
Business Interest Checking
Our Business Interest Checking is interest-bearing and requires a minimum opening deposit of $1,000. As long as your balance is above that minimum, you’ll avoid a $10 minimum balance fee plus tax. The interest earned is on a tiered rate that is based on your account balance. There are no per-item fees on business accounts. With features such as online banking and remote deposit capture, we can help make your business banking experience seamless.
- $1000 minimum opening deposit required.
- $10 minimum balance fee plus tax applies if balance drops below $1000.
- Tiered interest rates based on balance.
Business Savings
Our Regular Business Savings is an interest-bearing account and requires a minimum opening deposit of $100. There’s no account minimum balance fee if you maintain a balance of $100 or more. A $2 minimum balance fee is applied when your balance drops below $100. Start saving for your business today!
- $100 minimum opening balance.
- $2 minimum balance fee applies if balance drops below $100.
Business Money Market
Our HiFi business money market account is interest-bearing, and requires a minimum opening deposit of $2,500. As long as your balance is above that minimum you’ll avoid a $10 minimum balance fee. The interest earned is on a tiered rate that is based on your account balance. A monthly statement is included. If you are serious about building up your business savings, don’t leave your hard-earned money in a traditional checking or savings account. Open a HiFi Interest-Bearing Money Market Savings account and see how quickly your savings can grow.
- $2,500 minimum opening balance.
- Tiered interest rates based on balance.
There are no piles of paperwork or hidden fees. To set up your business checking account today get started online or call 641-472-9839.
Libertyville Savings Bank is a locally owned community bank that has been providing customers with the same friendly and professional banking experience since 1901, and we don’t see any reason to change the way we do business today. Extraordinary customer service is important to us and the feedback we receive helps us grow. We invite all of our customers to leave us a review. You can do this by visiting our Facebook page or searching Libertyville Savings Bank on Google. Recommending us to all your friends is the best review you can give us!
We invite you to check out to what a few customers have to say about banking with us. If you are interested in speaking to one of our knowledgeable lenders or customer service reps you can contact us at customerservice@lsbia.bank or call us at 641-472-9839 today!
