Business Savings
Save Smarter for Your Business with First Central State Bank
Build a stronger financial future for your business with a business savings account designed to with your needs in mind. Whether you're setting aside funds for taxes, expansion, or unexpected expenses, we make it easy to grow your reserves.
We’re committed to supporting your business with flexible banking solutions, competitive rates, and personalized service. From everyday banking to long-term growth, we’re here to help your business succeed. Open a business savings account and put your money to work.
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Certificate of Deposit Account Registry Services (CDARS)
Using CDARS, First Central State Bank can provide customers — with CDs in excess of the current FDIC limits — access to additional insurance coverage by distributing customer funds among other FDIC-insured banks. All of this can be accomplished through one portfolio at First Central State Bank and without sharing confidential information with other banks
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Certificates of Deposit
Certificate of Deposit (CD's) are a fixed rate, safe, secure deposit.
Benefits
- Flexible maturities from 6 months to 5 years
- Interest compounded and credited semi-annually
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Premier Money Market
Designed exclusively for sole-proprietors, non-profits, and government entities.
Benefits
- Tiered interest rate paid on entire balance based on account's collected balance
- Minimum opening deposit of $2,500.00
- Interest computed on the daily balance method
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Daily Savings Account
Benefits
- Minimum opening deposit $100.00
- Deposits can be made in person, by mail or directly deposited
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Other Deposit Accounts
Sweep Account
Sweep Accounts are cash management accounts designed to provide a higher rate of interest on excess funds. Automatic transfers of funds in excess of the target amount are invested on a daily basis. The target balance in checking is not interest bearing.
Repurchase Agreements & Repo Sweeps
First Central State Bank offers the repurchase agreements as an alternative to certain sweep and investment products. Deposits under this agreement are not FDIC insured but are instead protected or collateralized by providing a security interest in a U.S. Treasury or Agency security owned by the bank.