Business Banking Products
Business Banking Specialists
Business Banking Specialists
Open a Checking or Savings Account
To meet the needs of our community's many businesses, First Minnetonka City Bank offers a variety of checking and savings accounts, each offering unique features.
Our checking accounts are geared to provide value whatever the size or scope of your banking activity, from start-up or side businesses with few transactions to larger corporations with significant volume and balances.
Basic Business Checking Account
Simple, easy, low—or no fee. This account is best for businesses with very limited, straightforward banking needs. If you have only a few, simple transactions each month and can maintain a minimum balance, the low monthly account maintenance fee is waived.
Small Business Checking Account
When transaction volume increases and account balances vary from day to day, this account keeps things in tow. It employs a low monthly account maintenance charge coupled with lower per transaction charges for checks written and deposits made.
Commercial Checking Account
This account is designed for businesses with higher volumes and/or larger balances, assigning smaller fees to checks written and deposits made each month. Plus, you're rewarded with an earnings credit based on the investable balance in your account. This credit could reduce—and often eliminate—the account's monthly service charge.
Civic & Community Organization Checking
First Minnetonka City Bank is committed to serving the needs of our community. Therefore, we offer area schools and other local non-profit organizations a checking account free of any monthly account maintenance charges.
HEALTH SAVINGS ACCOUNTS (HSA)
Now you don't have to be sick to realize benefits on the money you pay for health insurance coverage. An HSA allows those covered by a high deductible health insurance plan to pay for qualified medical expenses with tax free dollars. Contributions to an HSA are fully deductible, the earnings grow tax deferred, and distributions to pay or reimburse qualified medical expenses are tax free. Each year, the money you save on lower health insurance premiums can be deposited into this tax-favored savings account and the funds you accumulate rollover from year to year.
The IRS publication 969, Health Savings Accounts and Other Tax-Favored Health Plans, found on the IRS web site can provide detailed information about HSAs.
Thrift Savings Account
This account is designed especially for those getting started. No service charges apply when you maintain a $50 minimum balance.*
No service charges apply when you maintain a $200 daily minimum balance.*
Money Market Savings
Our Money Market Savings account offers the liquidity of a savings account, but earns interest at market rates with the safety of FDIC insurance. No fees apply when a $1,000 daily minimum balance is maintained.*
A $50 minimum deposit is required to open all savings accounts
*Please contact a Personal Banker for a current rate sheet and additional terms and conditions. Interest rates are subject to change.
Certificates of Deposit (CDs)
Save money the safe way, or earn extra on the money you're saving for a purchase by investing in a CD. First Minnetonka's CDs earn fixed interest rates. Most CDs require a $1,000 minimum investment.*
You can also use our savings calculator to determine how much you need to save to reach a specific goal.