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Business Interest-Bearing

At McClain Bank, we think your funds should work as hard as you do. That's why we offer interest-bearing business accounts designed to support your long-term business growth.  
 

 Business Account Solutions include:


 

 Accounts Comparison -

Account Opening Balance Balance to Avoid Service Charge Interest Bearing
Super NOW $1,500 $1,500 Yes
Money Market $2,500 $2,500
Yes
Super-T $5,000 $5,000
Yes
(on balances $5,000+)
Health Savings Account $100 None Yes
Certificates of Deposit $1,000 Early withdrawal penalty may apply Yes



 Accounts Overview -

Super NOW

The only interest bearing checking account available to our business customers. 

  • $1,500 initial deposit to open account
  • Business Account Solutions included
  • $9.95 monthly maintenance fee waived if average daily balance exceeds $1,500
  • FREE Paper statements with check images 
  • Interest compounded on monthly basis based on average daily balance*
  • Bounce Protection (Available at Bank's discretion)
  • Only available to Sole Proprietors or Non-Profit Organizations (including Churches)
 

Money Market

Higher rates of interest while allowing you immediate access to your money.

  • $2,500 initial deposit to open account
  • Business Account Solutions included
  • $9.95 monthly maintenance fee waived if average daily balance is $2,500 or greater
  • Interest compounded on monthly basis based on average daily balance*
  • FREE Paper statements with check images 
  • Withdrawals & transfers limited to six (6) per month
 

Super-T

Earn the highest rate offered while still giving you access to your money with no surrender fees.

  • $5,000 initial deposit to open account
  • Business Account Solutions included
  • $9.95 monthly maintenance fee waived if average daily balance is $5,000 or greater
  • Tiered rate interest bearing if average daily balance is $5,000 or greater*
  • Interest compounded on monthly basis based on average daily balance
  • One FREE withdrawal per month - others incur $15 charge
 
 

 

Health Savings Account (HSA)

Set aside money on a pre-tax basis to pay for qualified medical expenses, such as deductibles, copayments, coinsurance, and some other expenses. 

  • $100 initial deposit to open the account
  • Business Account Solutions included
  • No Service Charge
  • High Deductible Health Plan (HDHP) required
  • Money deposited in your HSA is 100% tax deductible
  • Distributions used to pay qualified medical expenses aren't taxed
  • The funds in your HSA are always yours and grow tax-deferred like an IRA
  • Employers may open accounts and contribute for employees
  • Convenient access with a check or debit card
  • First order of checks - FREE
Ten percent tax penalty on withdrawals made for unqualified expenses. Please consult a financial or tax advisor.
 

 

Certificates of Deposit

McClain Bank's CDs provide competitive rates with terms from 91 days to five years.

  • $1,000 minimum initial deposit
  • Variety of Terms
  • Various interest payment options include
    • quarterly compounding
    • automatic deposit to any account or
    • payment by check
  • Automatically  renew
  • 10 day grace period following automatic renewal to withdraw without a penalty
 
 
 
* Interest Rates and Annual Percentage Yields are variable and subject to change.