FDIC-Insured — Backed by the full faith and credit of the U.S. Government
Commercial Savings
We are here to assist you with savings accounts that help your business grow and succeed and contribute to the stability of our shared community.
FNBM Offerings
First Choice Commercial Savings
This savings option is a good fit for businesses that want to keep at least $1,000 in a savings account while earning competitive interest.
First Rate Money Market
The Commercial Money Market Savings account is a high-yield account for businesses with larger balances and limited debit activities.
Insured Cash Sweep
Offered through IntraFi Network, our ICS services keep your business' funds secure by insuring up to $100 million in deposits without leaving your local bank.
Find Your Local Commercial Banker
Current Rates
First Choice Commercial Savings
The minimum to open is $100. An average monthly balance of $1,000 is required to avoid fees.
*APY = Annual Percentage Yield. APY is based on a $2,500 balance for 12 months. Current rates are subject to change. Fees could reduce earnings.
| Balance | Interest Rate | APY * |
|---|---|---|
| $0+ | 0.01% | 0.01% |
Last updated on 12/02/2024.
First Rate Money Market
The minimum to open is $100. An average monthly balance of $5,000 is required to avoid fees.
*APY = Annual Percentage Yield. APY is based on a $2,500 balance for 12 months. Current rates are subject to change. Fees could reduce earnings.
| Balance | Interest Rate | APY * |
|---|---|---|
| $0-$24,999 | 0.05% | 0.05% |
| $25,000-$249,999 | 0.10% | 0.10% |
| $250,000-$1,999,999 | 0.75% | 0.75% |
| $2,000,000-$4,999,999 | 1.50% | 1.51% |
| $5,000,000+ | 1.75% | 1.77% |
Last updated on 12/02/2024.
The FNBM Difference Working for You
We believe in local leadership and local decision making.
We understand that direct access to your banker is important.
We know the importance of giving back to our community.
Learn more about why First National Bank of Michigan is right for you.