Business Savings Accounts
Build a stronger financial foundation with a Business Savings Account from Horizon Bank. Earn interest on excess cash, automate your savings strategy, and prepare your business for future opportunities with a trusted banking partner serving Indiana and Michigan.
Savings Solutions That Support Business Growth
Every successful business needs a strategy for managing cash reserves and preparing for future opportunities. A Horizon Bank Business Savings Account helps businesses earn interest on excess funds while keeping cash accessible when needed. Use it to build reserves, manage seasonal cash flow, or prepare for future growth and investments.Whether you're building emergency reserves, planning for future investments, managing seasonal cash flow fluctuations, or setting aside funds for growth initiatives, Business Savings provides a simple and effective way to support your financial goals.
BUSINESS SAVINGS TOOLS
Save Today. Prepare for Tomorrow.
A strong savings strategy can help your business navigate unexpected expenses, prepare for future investments, and maintain greater financial flexibility. Automatic transfers make it easy to build reserves over time while keeping your savings goals on track.
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Operating reserves
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Emergency funds
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Future business investments
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Seasonal cash flow support
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Long-term financial planning
Take Your Business Banking Further
Business Money Market Accounts
Looking for higher earning potential while maintaining access to your funds?
Business Certificates of Deposit (CDs)
Lock in a fixed rate and put excess business funds to work with a Business CD.
Business Savings FAQs
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What is a Business Savings Account?
A Business Savings Account allows businesses to earn interest on excess funds while keeping cash accessible for operational needs and future opportunities.
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How does interest work on a Business Savings Account?
Interest is earned on qualifying balances and credited according to account terms, helping businesses grow reserve funds while maintaining liquidity.
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Can I automatically transfer money into savings?
Yes. Businesses can establish recurring transfers from a Horizon Business Checking account to support long-term savings goals.
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Are Business Savings Accounts FDIC insured?
Yes. Eligible deposits are FDIC insured up to applicable limits.
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How can a Business Savings Account support financial planning?
Business savings can help create emergency reserves, prepare for capital investments, manage seasonal cash flow fluctuations, and support future growth initiatives.
1. Minimum balance to open is $50.00.
2. A monthly service chart of $3 is assessed if the minimum monthly ledger balance falls below $200.00 at any time during the month.
3. Transfers from savings account to another account by preauthorized withdrawals, automatic debit, internet, or telephone transfers or by check, draft, debit card, or similar order to a third party are limited to six per month.
An excess activity fee of $2.50 will be charged for each "over the counter" withdrawal or ATM withdrawals in excess of six during a calendar month.
Cash deposits & withdrawals exceeding $10,000 a month are charged $0.13 per $100 deposited/withdrawn.
