Business Deposit Accounts

Planters Bank offers several options for business accounts. For more information on opening a deposit account, please visit a Customer Service Representative at any of our locations.

  • Business Analysis Checking

    Planters Bank offers a business checking account that can be arranged to suit the needs of the individual business, corporation, or partnership. The service fees are based on the monthly activity and the average collected balance of the account for the statement cycle.

    • $8 monthly maintenance per account
    • $0.15 per checks and debit paid
    • $0.08 per items deposited
    • Fees for miscellaneous services such as stop payment, return items, wrapped coins, etc.
    • An earnings credit against the service fee will be calculated on the average collected balance of the account for the statement cycle.*

    *The earnings credit rate is based on the current Money Market rate. A charge will be made against the account during the current month only if the credit allowance is not sufficient to cover the monthly activity charge.

  • Non-Profit Checking

    Our non-profit checking account is designed especially for small not-for-profit organizations. The opening balance just $50, and this account has the same service charge as our regular business checking account. Stop by your local office to find out more about our non-profit accounts for your organization.

    • $8 monthly maintenance fee per account
    • $0.15 per checks and debit paid
    • $0.08 per items deposited
    • Fees for miscellaneous services such as stop payment, return items, wrapped coins, etc.
    • An earnings credit against the service fee will be calculated on the average collected balance of the account for the statement cycle.*
  • Money Market Account

    Planters Bank offers a money market account that provides a competitive rate of interest while allowing immediate access to funds. This account typically pays a higher rate of interest than the traditional savings account. Interest is accrued on a daily collected balance and is credited and compounded monthly.

    • $500 Minimum Opening Deposit
    • $6 Monthly Service Charge
    • $500 Minimum Balance to Avoid a Service Charge
    • Unlimited withdrawals may be made if done in person, by mail, by messenger, or at an ATM
    • Limited to 6 transfers per month to another account with Planters Bank or to a third party by means of pre-authorized, automatic, or telephone to a third party
  • NOW Account

    Planters Bank’s NOW account is an account for certain organizations that earns interest.

    • $500 Minimum Opening Deposit
    • $6 Monthly Service Charge
    • $1,000 Minimum Balance to Avoid Service Charge
    • Unlimited Check Writing
    • Interest accrues on daily collected balances of $1,000 or more; interest credited monthly
    • Non-profit organizations; government units; incorporated businesses organized for non-profit; solve proprietorships qualify for NOW accounts.
  • Certificates of Deposit

    Planters Bank offers a wide variety of Certificates of Deposit that can be arranged to suit the needs of all depositors.

    • Minimum Opening Deposit is $2,500.
    • Investment terms start at 7 days and are available for up to 5 years.
    • Interest rate is established at the time of purchase.
    • Interest can be compounded back into the CD, transferred to another checking/savings account or issued in the form of a check.

Planters Bank HELOC

Inquire about Planters Bank's Home Equity Line of Credit.

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