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Our lobbies remain closed until further notice. Drive-ups remain open at both locations. Loan officers and personal bankers are available by appointment. Please contact us at 608-764-5411 or webgeneral@bankofdeerfield.com.

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Business Deposit Accounts

Choose the Account That Works Best for Your Business

From offering quick access to your funds, to accounts that allow you to take advantage of tiered interest rates when you can maintain a higher balance, Bank of Deerfield gives you options when choosing accounts for your business. If you’d like to learn more about how these accounts may be right for your business, stop into our office and speak with our business banking team.

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Compare Our Business Deposit Accounts

  Minimum Balance to Open Per check Fee Deposit Per Item Fee Monthly Maintenance Fee Business Atm/Debit Card Interest
Regular Business Checking None $0.25

$0.03 ON-US Checks

$0.05 All Other Checks

$6.00 Debit None
Business Statement Savings None None None $1.00¹ ATM Yes⁴
Business Insured Money Market $2,500.00 None None $10.00² Debit Yes⁵
Business Advantage Money Market $10,00.00 None None $10.00³ Debit Yes⁶
  Regular Business Checking Business Statement Savings Business Insured Money Market Business Advantage Money Market
Minimum Balance to Open Account None None $2,500.00 $10,00.00
Per check Fee $0.25 None None None
Deposit Per Item Fee

$0.03 ON-US Checks

$0.05 All Other Checks

None None None
Monthly Maintenance Fee $6.00 $1.00¹ $10.00² $10.00³
Business Atm/Debit Card Debit ATM Debit Debit
Interest None Yes⁴ Yes⁵ Yes⁶

¹ A maintenance fee will be charged if the below $200.00 on any day during quarterly statement cycle. 

² A maintenance fee will be charged if the daily balance falls below $2,500.00 on any day during monthly statement cycle. 

³ A maintenance fee will be charged on the account if the balance falls below $2,500.00 or if the account has an average daily balance falls below $5,000.00 for the monthly statement cycle.  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.  

4 Interest Chart- Business Statement Savings 

Balance RequiredRate
$0.01-over0.05%

⁵ Interest Chart – Business Insured Money Market 

Balance RequiredRate
$0.01-$4.999.990.05%
$5,000.00-$24,999.990.10%
$25,000.00-over0.15%

⁶ Interest Chart- Business Advantage Money Market 

Balance RequiredRate
$0.01-$9,999.990.05%
$10,000.00-over0.15%