M&F Bank Business Savings Accounts
We designed our Business Savings Accounts to cater to businesses’ unique financial needs, providing flexible and rewarding savings solutions to help your business thrive. As your financial partner, we support your growth and success.
Commercial Savings
We created our Business Savings Account to offer maximum flexibility, allowing you to earn interest while retaining immediate access to your money.
Features and Benefits
- Open with a deposit of $250
- Grow your savings faster by earning interest on your funds
- Retain easy access to your money for business needs
- Convenient option for providing overdraft protection on a business checking account
Minimum Balance Requirements
- Avoid the $6 monthly maintenance fee by maintaining a minimum balance of $2,500
Commercial Money Market Account
Our Business Money Market Account combines the best of both worlds – earning interest at money market rates and the flexibility to withdraw funds when necessary.
Features and Benefits
- Open with a $1,000 deposit
- Tiered interest rates mean the more you save, the more you can earn
- Access your funds easily through checks or transfers
Minimum Balance Requirements
- Avoid the $15 monthly maintenance fee by maintaining a minimum, maintain a daily balance of $5,000
- Benefit from interest earnings by maintaining a minimum daily balance of $2,500
Ideal for Businesses with Surplus Cash
Our Business Money Market Account offers an excellent solution if your business has excess funds that are not immediately needed. Earn higher interest on surplus cash while maintaining easy access to funds when required.
Commercial Certificate of Deposit (CD)*
Our Commercial Certificate of Deposit (CD) provides safety and flexibility, making it a secure investment option for your business.
Fixed-term savings with competitive rates
Lock in the current interest rate for the entire CD term, ensuring a predictable return on your investment.
Choose Your Term
Choose from various CD terms that align with your business’s financial goals and objectives.
Guaranteed Returns on Investment
Enjoy peace of mind knowing your investment is secure, and you’ll receive guaranteed returns on maturity.
Predictable Earnings for Future Planning
Plan your business finances effectively with the knowledge of your CD’s maturity date and expected returns.
How to Open a Business Savings Account
Use our savings growth tool to see how different types of investment accounts can help you reach your goals.
When you’re ready to open a business savings account at M&F Bank, call or visit one of our branches conveniently located throughout North Carolina. Our welcoming staff is here to assist you on every step of your financial journey. Please be prepared to provide all the required business identification and registration documents for a hassle-free experience.
* Substantial penalty for early withdrawal from CDs.
