Business Savings

Money Market Account

Our business money market account gives you a savings plan designed to fit your business need. With a minimum deposit you can earn a competitive rate of interest and know that your money is working for you. Rates are variable and may change at the discretion of the bank.

Features

• Unlimited Deposits
• Interest Paid Monthly
• Monthly Statements

Monthly Service Fees

• Limit of any combination of 3 checks, 3 personal withdrawals, or automatic transfers totaling no more than 6 transactions per statement period.
• $5,000 minimum opening deposit
• $5 monthly charge if balance falls below $100 minimum monthly balance.

How Northwoods Online Deposit Works:
We provide your business with a desktop check scanner. Checks for deposit are scanned and their images are captured on the computer. After verifying the images and balances, everything is transmitted via the Internet and a secure file transfer. Lastly your deposit is credited to your account. It's that fast and simple.

With Northwoods Online Deposit You Can:

• Eliminate the need to drive to the bank to deposit your checks - Saves you time, travel expenses. It also increases employee productivity and customer service.
• Make your deposits sooner and more frequently - Accelerate your funds availability.
• 24/7 Banking - Make check deposits every day of the year, anytime, day or night.
• One bank to serve multiple offices - Maintain a Northwoods Bank relationship regardless of where your office is physically located. From Anchorage Alaska to Zephyrhills Florida and everywhere in between, you can still make deposits at Northwoods Bank, the same as if you were located just down the street.

Northwoods Online Deposit Features:

• Provides automatic rebalancing
• Detects duplicate items
• Provides quick image retrieval and archiving
• Information is protected by secure firewalls and transmits data in encrypted form

To learn more about the convenience and money saving benefits of Northwoods Online Deposit please call 218-732-7221 or 1-800-450-2265.