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A No-Frills Savings Account to Help Any Business Owner Save

The simple solution is often the best. That’s Business Classic Savings from Central Bank. Simple means less time spent focusing on something other than running the store, office or warehouse. It’s a simple and easy way for business owners to save for future purchases: Classic Savings for businesses.

Classic Savings gives business owners just what they need in a savings account: interest to grow, accessibility when they need it and the online tools to make managing money easy. Time is valuable - why waste it on complex savings accounts when you can go with the simple option?

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Business owners of all kinds with all sizes and types of businesses could benefit from the many features Classic Savings offers:

  • Variable interest rate
  • Interest compounded and credited quarterly; paid at calendar quarter-end
  • Six (6) preauthorized withdrawals to a third party permitted per calendar month
  • ATM access
  • Online Banking/Online Bill Pay
  • Bankline 24/7
  • Direct Deposit
  • Online Statements or quarterly paper statements mailed, monthly if electronic transactions

Additional Information About Classic Savings

  • $100 minimum deposit to open account
  • $100 minimum balance or $250 average monthly balance during calendar month. If below, $2 per month

Open your Business Classic Savings account by coming by any Central Bank location today.

A Central Bank Business Checking Account is required. ATM Card is subject to approval. Closing fee of $30 applies to all accounts closed within 90 days of opening date. All account fees are subject to Iowa and Local Option sales tax.

Variable interest, paid quarterly.

What is the minimum deposit to open an account?

There is a $100 minimum deposit to open a Classic Savings account.

Is there an option for online banking?

Yes. Online banking and online bill pay are both available to customers with a Classic Savings account.

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You are leaving the Central Bank website. We are not endorsing or guaranteeing the products, information or recommendations provided by the organizations linked to our website. We are not liable for any failure of products or services advertised on those sites. We are not responsible for the validity, collection, use or security of information by organizations that may be linked to our website. We encourage you to read the privacy policies of websites reached through the use of links from the Central Bank website.

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