Your Business

Business Checking Accounts

Helping you grow your business is our focus, so all our checking accounts feature competitive fees and same-day availability of funds. Select any account to learn more.

Business Checking Accounts Business Checking Business Checking Accounts
Minimum Deposit to Open Minimum Balance to Earn Interest Monthly Service Charge Charges per Check/Deposit
$100 N/A N/A $0.20 per check after first 50 per payment cycle
Ideal for new and growing businesses, our Business Checking account eliminates monthly service charges and features a low minimum opening balance that won’t get in the way of your cash flow. You’ll also have the flexibility of unlimited check withdrawals or preauthorized transfers as your business transactions increase.
  • No monthly service charge
  • First 50 checks free per payment cycle
  • Free ATM/debit card
  • Free Online Banking and Bill Pay**
 
Small Business Checking Business Checking Accounts
Minimum Deposit to Open Minimum Balance to Earn Interest Monthly Service Charge Charges per Check/Deposit
$100 $.01 $5.00 (waived with related balance of $1,000) $0.10 per check paid

Our Small Business Checking account lets you earn interest on balances of any size. We’ll even waive the low monthly service charge with a related balance of $1,000, making it easy to save while still enjoying unlimited withdrawals either by check or preauthorized transactions.

  • Earn interest paid and compounded monthly
  • Free ATM/debit card
  • Free Online Banking and Bill Pay**
  • No service charge with $1,000 related balance
 
Corporate Checking
Minimum Deposit to Open Minimum Balance to Earn Interest Monthly Service Charge Charges per Check/Deposit
$100 N/A $5.00 $0.10 per check; $0.50 per deposit

A great commercial checking account for larger businesses, Corporate Checking handles higher transaction volumes economically with no service charge when you maintain a balance of $50,000. You’ll also enjoy unlimited withdrawal flexibility, either by check or preauthorized transactions.

  • Free ATM/debit card
  • Free Online Banking and Bill Pay**
  • Low minimum opening deposit
  • No service charge with $50,000 related balance 
 

**There is an inactivity fee with Bill Pay after 30 days of non-use.

Business Savings Accounts

Grow your extra funds safely until you need them with our FDIC-insured business savings accounts. To help you achieve your goals we offer competitive interest rates, convenient combined monthly statements and easy access. Select any account below to learn more.

Business Savings Accounts Statement Business Savings Accounts
Minimum Deposit to Open Minimum Balance to Earn Interest Monthly Service Charge Charges per Check/Deposit
$10.00 $100.00 None N/A
Great for new or growing businesses, our Statement Savings account features a low opening deposit and small daily minimum balance. Best of all, you have easy access to your money with unrestricted deposits and the freedom to make pre-authorized withdrawals.
  • Free ATM/debit card available
  • Free Online Banking and Bill Pay
  • Six qualifying withdrawals or transfers per month
  • Interest compounded and paid on the last business day of each month
 
MIDAS Business Savings Accounts
Minimum Deposit to Open Minimum Balance to Earn Interest Monthly Service Charge Charges per Check/Deposit
$500.00 $100.00 $5.00 if balance falls below $500.00 N/A
Put your extra cash to work with our MIDAS (More Interest Dollars And Sooner) money market savings account. You’ll earn interest while still having access to your money. And for added security, our Insured Cash Sweep® (ICS®) option offers multi-million dollar FDIC insurance – so you can enjoy peace of mind while still earning interest.
  • Free ATM/debit card available
  • Free Online Banking and Bill Pay
  • No service charge with $50,000 related balance
  • Six qualifying withdrawals or transfers per month
  • Interest icompounded and paid on the last business day of each month
 
Health Savings Accounts Business Savings Accounts
Minimum Deposit to Open Minimum Balance to Earn Interest Monthly Service Charge Charges per Check/Deposit
$1.00 $1.00 None N/A
If you’re concerned about high health insurance deductibles, our interest bearing Health Savings Accounts (HSAs) could be the perfect solution – a tax-exempt account that can help you pay qualified medical expenses via check, debit card or online bill pay. To learn more and discuss your eligibility, contact us today.
  • No set-up fees or service charges
  • Free debit card
  • Free Online Banking and Bill Pay
  • Checks available
 
Certificates of Deposit
Minimum Deposit to Open Minimum Balance to Earn Interest Monthly Service Charge Charges per Check/Deposit
Varies Varies None N/A
A safe and secure way to earn a guaranteed return on your money, our Certificates of Deposit (CDs) are available in a wide selection of terms and interest rates, backed by FDIC insurance. You can also use them for your Individual Retirement Account (IRA) to grow tax-exempt savings for the future.
  • Choice of variable or fixed rate return
  • Terms from 3 months to 5 years
  • CD specials often available
 

Business Services

Manage your business more efficiently and conveniently with a local resource you can trust. These and other Claremont Savings Bank business services are available to help you succeed.

Automated Clearing House (ACH) Services
To provide you with faster, more reliable access to your money, we use the nationwide ACH electronic payment network for funds transfer between financial institutions and their customers. By originating and receiving transactions electronically, we can generate electronic credits and debits that let you make needed transactions and manage your cash flow efficiently.

Business Credit Cards
If your business needs a boost in spending power, we offer a Business MasterCard® in standard or Preferred Points versions with low interest rates. For full details, visit any of our locations. Or download an application today.

E-Statements
Electronic statements are simply electronic versions of traditional papers account statements, containing the same information. E-statements will arrive in the email inbox of your choosing. Some of the benefits include: more secure than paper statements, faster delivery with easy access and environmentally friendly. If you are not currently enrolled in e-statements or choose to opt-out, please complete this form.

MasterCard® Debit Card Benefits
Valuable peace-of-mind protection, assistance and savings. As a personal or business MasterCard® debit cardholder, we offer you new benefits from MasterCard®. These benefits include MasterCard® ID Theft Protection, Extended Warranty, Price Protection, Satisfaction Guarantee, MasterCard® Airport Concierge™ and MasterCard® Global Service. View our Guide to Benefits.

Merchant Services
At Claremont Savings Bank, we’ve worked hand-in-hand with local stores and retailers for over a century. Here are just a few of the services we offer:
Drop Services – many of our branches offer night depository services. Transactions received after 8:00am are processed the next business day.
Merchant Coin Services – rolled and sorted coins are available for purchase at most of our branches.
Merchant Credit Card Program – accepting credit card payments can greatly expand your business, and we’re ready to help. Learn more by contacting a Customer Service Specialist today.

Online Banking and Bill Pay
Our Online Banking gives you access to your Claremont Savings Bank accounts 24 hours a day, seven days a week – so you can check balances, get statements, make transfers and more, anywhere you can access the Internet. Simply enroll online now.

Overdraft Services
To protect your credit standing against an accidental overdraft on checking account transactions or automatic payments, we offer not one but three overdraft protection programs. You can choose one or several in combination for greater peace of mind. Download our overdraft comparison to learn more.

Premium Overdraft Protection
We also provide additional coverage against overdrafts on your ATM and Point of Sale (POS) transactions, so there are no inconvenient or embarrassing hassles when making a purchase. For coverage, opt-in online or contact a Customer Care Specialist today.

Safe Deposit Boxes
We offer safe deposit boxes in many sizes for your important documents and irreplaceable items. Boxes are available in Claremont at our Broad Street and Washington Street locations, as well as in Charlestown and Springfield, VT.* You’ll even receive a 20% discount with automatic payment of your rental fee from a Claremont Savings Bank account.

Standard Box Size Annual Rental Fee
4” x 2” $20.00
4” x 3” $25.00
5” x 2” $26.00
5” x 3” $27.00
5” x 5” $35.00
10” x 3” $40.00
10” x 5” $70.00
10” x 10” $135.00
Bulk Storage Box Size Annual Rental Fee
24” x 15” x 9.75” $150.00
24” x 15” x 15” $165.00

*Size and availability vary by location. Contents of safe deposit boxes are not insured. Not an FDIC insured product.

Wire Transfers
We can help your business transfer funds without high fees or the risks of transporting cash via electronic funds transfer (EFT). Or if you need to arrange a wire transfer, simply visit any of our locations or call a Customer Care Specialist today.

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