Business Accounts
Features:
- Minimum to Open: $10
- Monthly service charge: Free (No minimum daily balance is required)
- Monthly per item fee: first 250 free; $.40 per item afterward (written or deposited) excludes ACH transactions
- Debit card
- Free Business Savings available1
Features:
- Minimum to open: $10
- Minimum balance to earn interest: $0
- Interest compounded daily, posted monthly2
- Monthly service charge: waived with average daily balance of $5,000 or $15/month
- Monthly per item fee: first 750 free, $.40 per item afterward (written or deposited) excludes ACH transactions
- Debit card
- Free Business Savings or Business Money Market available3
Minimum Deposit to Open | Balance to Obtain APY | Annual Percentage Yield (APY) | Interest Rate |
---|---|---|---|
$${ rate.MinOpenBal } | ${ rate.BalLo } - ${ rate.BalHi } | ${ rate.APY } | ${ rate.Rate } |
Features:
- Minimum to open: $10
- Minimum balance: $2,500 collected balance in checking account
- Monthly service charge: $50 for repurchase agreement (2-way); $100 for repurchase agreement (3-way)
- Monthly per item fee: $.14 per item written; $.12 per item deposited
- Debit card
Features:
- Minimum to open: $10
- No monthly service charge
- Monthly per item fee: first 150 free, $.15 per item afterward (written or deposited) excludes ACH transactions
- Debit card
Features:
- Minimum to open: $10
- Minimum balance to earn interest: $500
- Interest compounded daily, posted monthly2
- Monthly service charge: waived with average daily balance of $500 or $5.00/month
- Monthly per item fee: first 20 free; $.40 per deposited item afterward
Minimum Deposit to Open | Balance to Obtain APY | Annual Percentage Yield (APY) | Interest Rate |
---|---|---|---|
$${ rate.MinOpenBal } | ${ rate.BalLo } - ${ rate.BalHi } | ${ rate.APY } | ${ rate.Rate } |
Features:
- Minimum to open: $10
- Minimum balance to earn interest: > $0
- Interest compounded daily, posted monthly2
- Monthly service charge: waived with average daily balance of $5,000 or $10/month
- Debit card
Minimum Deposit to Open | Balance to Obtain APY | Annual Percentage Yield (APY) | Interest Rate |
---|---|---|---|
$${ rate.MinOpenBal } | ${ rate.BalLo } - ${ rate.BalHi } | ${ rate.APY } | ${ rate.Rate } |
Features:
- Minimum to open: $10
- Minimum balance to earn interest: > $0
- Interest compounded daily, posted monthly2
- Monthly service charge: waived with average daily balance of $75,000 or $25/month
- Debit card
Minimum Deposit to Open | Balance to Obtain APY | Annual Percentage Yield (APY) | Interest Rate |
---|---|---|---|
$${ rate.MinOpenBal } | ${ rate.BalLo } - ${ rate.BalHi } | ${ rate.APY } | ${ rate.Rate } |
Features:
- Interest paid to Vermont Bar Foundation2
- No minimum to open account
- Minimum balance to earn interest: > $0
- No monthly service charge
- No monthly per item fee
Minimum Deposit to Open | Balance to Obtain APY | Annual Percentage Yield (APY) | Interest Rate |
---|---|---|---|
$${ rate.MinOpenBal } | ${ rate.BalLo } - ${ rate.BalHi } | ${ rate.APY } | ${ rate.Rate } |
Features:
- Interest paid to VHFA2
- No minimum to open account
- Minimum balance to earn interest: > $0
- No monthly service charge
- No monthly per item fee
Minimum Deposit to Open | Balance to Obtain APY | Annual Percentage Yield (APY) | Interest Rate |
---|---|---|---|
$${ rate.MinOpenBal } | ${ rate.BalLo } - ${ rate.BalHi } | ${ rate.APY } | ${ rate.Rate } |
Features:
- Earn interest on funds placed into demand deposit accounts, money market deposit accounts, or both using ICS5
- Earn interest on funds placed into CDs using CDARS (Limits apply.)5
- To learn more, please contact a member of our Commercial Services Team:
- Megan Cicio, Central Vermont
PHONE: 802-485-5228
EMAIL: Megan.Cicio@nsbvt.com - Kathy LaCross, Chittenden County
PHONE: 802-871-4490
EMAIL: Kathy.LaCross@nsbvt.com
- Megan Cicio, Central Vermont
Step-By-Step Guidance
When it comes to business banking accounts, flexibility is key.
We'll help you find the right fit.
Step 1
Evaluate your goals
What is most important to your business when it comes to business bank accounts? Consider account features, interest rates and fees. Review NSB account options for a summary of our full range of business tools.
Step 2
Connect with a Business Banker
One of the best ways we get to know you and your business is to review your goals and any existing financial tools and services you already use. Click here to connect with a business banker.
Step 3
Gather documents
Some of the most common documents and information we may ask for when you open an NSB business bank account include Employer Identification Number (EIN) (or a Social Security number, if you're a sole proprietorship), your business formation documents and ownership structure. We will also ask you to identify signers on the account and who should have access to the account.
Step 4
Review your banking needs
We’ll provide an analysis of what products and services could work for your business, answer any questions you may have, and start the account opening process through your location, your local branch, email, or over the phone.
Step 5
Finalize your new account(s)
We’ll stay in regular communication with you during the application process, and we will continue to support you at account opening and for any future banking needs you may have, whether business or personal.
Step 6
Bank from anywhere
Whether online, in-branch, on the phone or via an NSB customized solution such as ACH services or lock box, you can bank the way you want. Our team is always at the ready for your business.
Connect with a Business Banker
1Upon closure of Enterprise Checking regular service charges will apply on the Business Savings account.
2Rates are subject to change after checking accounts are opened and fees may reduce earnings. View rates >>
3Upon closure of Enterprise Checking with Interest regular service charges will apply on the Business Savings and Business Money Market accounts.
4Repurchase agreements are not FDIC-insured, not bank guaranteed, may lose value, are not insured by any federal agency, and are not a bank deposit. Repurchase agreement definition: A transaction involving the “sale” of securities by NSB to the customer, subject to an agreement by NSB to repurchase the securities in specified circumstances. The repurchase agreement is a non-deposit investment product. It is not insured by the FDIC, it is not a deposit or other obligation of, or guaranteed by, NSB, and it is subject to investment risks, including possible loss of the principal amount invested.
5Limits, terms, and conditions apply. IntraFi, ICS and CDARS are registered service marks of IntraFi Network LLC.