The Best Business Savings Accounts

Let's help your business save more money



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Statement Savings

This interest-bearing savings account is ideal for convenient, quick access to your money when you need it. 

You can use your savings account for overdraft protection of your checking account. 


Earn Interest, Stay Liquid

Money Market Account

A money market account is a combination checking and savings account that earns a tiered interest rate based on the account balance. 


Short-Term Investment

Certificate of Deposit (CD)

CDs are an easy, flexible way to invest your money for the short-term, whether you're talking 3 months or 5 years.

My Fit CD

There's no limit on the number of deposits you make into this CD for the first 24 months. And you can take advantage of favorable rate changes with a one-time exchange for the term closest to the remaining term of your certificate. 



Health Savings Account (HSA)

Offering an employer sponsored HSA as part of your benefits package can help make your business more attractive to potential employees and retain your current employees. 

This account has tax benefits for employers and employees. It's easy to set up, and convenient to use. 

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As a small business, keeping track of our banking with ease is important. With the user friendly mobile app we are able to access our account from virtually anywhere. And the dual authentication keeps our account secure. At First Bank, they treat us as individuals and are always there to help. I highly recommend this bank!

-Nadine P.

Boys and Girls Club Local people helping local people. From annual support to special projects, First Bank has always been there with us to support our community and our mission: To enable all young people, especially those who need us most, to reach their full potential as productive, responsible, and caring citizens. Thank You First Bank!

-Bruce D., Boys & Girls Clubs of Wayne County

Frequently Asked Questions

What do I need to open a business savings account?

The documents required to open a business savings account depend on the classification of the business.

All of our accounts require two valid forms of identification for each owner, partner, managing member, or authorized signer on the account. 

Here's are some of the documents you will need to open your account:

Sole Proprietorship

  • Social Security or EIN Number
  • Sole Proprietorship Resolution of Authority
  • Assumed Name Certificate (if applicable)

Limited Liability Company (LLC)

  • EIN Number (One person LLC may use SSN)
  • LLC Authorization Resolution
  • Articles Stamped "Filed'" or Certificate of Existence
  • Operating Agreement (should state who is authorized to open the account, usually the managing member)

Corporate Accounts: Non-Profit, For-Profit, Government Entity

  • EIN Number
  • Corporate Resolution
  • Certified copy of Articles of Incorporation or Certificate of Existence
  • Certificate of Good Standing, address and date of birth on all authorized signers

Club or Civic Organization

  • EIN Number
  • Resolution of Lodge, Association, or other similar organization
  • Bylaws or similar document outlining the purpose of the organization

If you have questions regarding your necessary documentation, any of our new account representatives will be happy to assist.

Do I have to reside locally to open a deposit account?

First Bank will not accept new deposit accounts outside of our local market area unless the customer has a previous transactional account. The market area is defined as any of the counties we have a branch in or a contiguous county to a branch location.