Business Savings & Investment
Monona Bank offers a variety of savings and investment solutions to meet the specific needs of businesses and non-profit organizations. Choose from a variety of savings products that best match the needs of your business.
Our Business Savings Account is a great product that lets your business earn interest (calculated using the daily available balance) and credited and compounded monthly.
Our Business Money Market is a great next step for businesses who’ve saved more money than they need to keep in their Business Savings account. There is a $2,500 minimum deposit to open this account and a required minimum daily balance of $2,500 in order to avoid the $15 monthly maintenance fee. Interest rates for the Business Money Market are tiered based on the balance you have in your account.
Fixed interest rate varies with the term of each certificate.
If your business offers employees a High Deductible Health Plan (HDHP), your employees may be eligible to contribute to a Health Savings Account (HSA). Learn more about how businesses can benefit from HSAs.