FNB Non-Personal Savings
Your business deserves to earn a competitive rate with its profits, so sign up for a Business Savings account today and start putting some of those funds to good use.
- $50 minimum to open
- Competitive and variable rate of interest that is subject to change at any time
- Interest paid quarterly
- $1 per withdrawal in excess of six withdrawals per month
- Federal regulation limits the number of electronic debits (via telephone or internet) to six per month.
- $5 quarterly charge will be assessed on accounts with an average daily balance of less than $50
FNB Business Money Market
Make the most of your money by putting it into a Money Market Account from First National Bank of Waterloo.
Our tiered interest rates make sure that as your balance goes up, so does your rate of return. It’s a smart way to grow your savings.
- $1,000 minimum to open
- No monthly charge with a $2,500 daily minimum balance
- $10 monthly charge if balance falls below daily minimum balance
- Competitive interest earned on all balances
- Higher rates tiered to larger balances:
- $100,000 and above
- Variable interest rate that is subject to change at any time
- Third party checks, preauthorized or automatic transfers, electronic voice system, and Internet Banking are limited to a total of six transfers each month
- $0.03 per on-us item deposited
- $0.07 per transit item deposited
Certificate of Deposit
Our Certificate of Deposit is a fantastic and easy way to grow your money while keeping it safe. At First National Bank of Waterloo you can select from a variety of flexible terms and rates that best meet your savings goals. Start yours today!
- FDIC insured
- Competitive interest rates
- Interest compounded quarterly
- Interest rate is secured for the life of the term
- No 2:00 pm cut off time. Deposits are accepted through the close of the business day.
- $1,000 to open
- Maturities range in terms from 3 months to 5 years
Simplified Employee Pension
A Simplified Employee Pension (SEP) Plan is a retirement plan established by employers, including self-employed individuals (sole proprietorships or partnerships).
The SEP is an IRA-based plan to which employers may make tax-deductible contributions on behalf of eligible employees. The employer is allowed a tax deduction for plan contributions, which are made to each eligible employee’s SEP IRA on a discretionary basis.
Employees do not pay taxes on SEP contributions, but these contributions are taxed when the employee receives a distribution from the SEP IRA.
Please visit the IRS Website for additional details or contact any of our Financial Service Representatives, who will be happy to answer your questions. Consult your tax advisor for information on which type of IRA is right for you.