BUSINESS BANKING

YOUR PARTNER IN FINANCIAL STRATEGY
INTEREST-BEARING ACCOUNTS

Business CD


CDs offer a higher rate of return than typical savings account. With terms from 6 months to 5 years, you can grow your money without exposing it to the risk of the stock market. Speak to an Oakwood banker today to discuss which term works best to achieve your business goals.

  • Choose from 6, 12, 18, 24, 36 or 60 months
  • Interest paid quarterly
  • Penalty applies for early withdrawal
$ 1000
minimum deposit

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Business Money Market


The Oakwood Business Money Market account is great for businesses that want to earn interest on a larger balance, while maintaining access to their funds at any time.

  • Earns interest on minimum monthly balance of $10,000
  • 6 debits per statement cycle, $5 each thereafter
  • Interest paid monthly
  • $15/mo service fee, waived by maintaining a $10,000 balance
$ 100
minimum deposit

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Business Savings


Receive a competitive interest rate with the convenience of accessing your funds when you need them with Oakwood’s Business Savings account. With a low $100 deposit to open, checking transfers, and interest paid quarterly, your nest egg will be soaring quickly.

  • 6 withdrawals per quarter, $2.50 each thereafter
  • Automatic transfer from your checking account
  • Interest paid quarterly
  • $5/mo service fee, waived by maintaining a $300 balance
$ 100
minimum deposit

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Business Checking with Interest


If you plan to maintain a balance of at least $1,500 in your checking account, you should take advantage of Oakwood’s Business Checking with Interest to put your balance to work for you. This is a great deal that allows you to earn interest while taking care of daily business.

  • 200 transactions each statement cycle, $0.50 thereafter
  • Earns interest on minimum monthly balance of $1,500
  • Interest paid monthly
  • Free debit card, online banking, and eStatements
  • Online bill pay available
  • $15/mo service fee, waived by maintaining a $1,500 balance
  • Sole Proprietors only
$ 100
minimum deposit

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BUSINESS CHECKING ACCOUNTS

Small Business Checking


Oakwood’s Small Business Checking is great for organizations that don’t do a high volume of monthly transactions. Get access to online banking and eStatements, with no service fee if you maintain a $2,500 balance.

  • 250 transactions each statement cycle, $0.50 thereafter
  • Free debit card, online banking, and eStatements
  • Online bill pay available
  • $10/mo service fee, waived by maintaining a $2,500 balance
$ 100
minimum deposit

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Economy Business Checking


Oakwoods Economy Business Checking offers the opportunity to waive the service fee by simply enrolling in eStatements. And, if you keep under 100 transactions per month, your account is essentially free.

  • 100 transactions each statement cycle, $0.50 thereafter
  • Free debit card, online banking, and eStatements
  • Online bill pay available
  • $10/mo service fee, waived by enrolling in eStatements
$ 100
minimum deposit

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Commercial Checking


For businesses with higher transaction volume, we recommend speaking to an Oakwood banker about our Commercial Checking option, which includes in-depth business analysis features, unlimited transactions, and a monthly earnings credit on collected balances to waive service fees.

  • Business Analysis Account
  • Free debit card, online banking, and eStatements
  • Online bill pay available
  • $15/mo service fee, offset by credits on collected balances
$ 100
minimum deposit

Get in touch for more info