Your business. Your needs.
Big or small, international or local, your business isn’t like any other. With savings and money market offerings, we make it easy to choose the one that’s right for you.1
inBusiness Premium Savings
Our inBusiness Premium Savings is a savings account for inBusiness Checking and Nonprofit Checking customers. With an inBusiness Premium Savings account, you can maximize the money you’ve worked hard to earn.
- Automatic transfers available in case of check overdrafts
- Combined statement with check images for your inBusiness Checking, Nonprofit checking and inBusiness Premium Savings accounts
- Access anytime online with no-fee inBusiness Online Banking Mobile Solutions or TeleBanker.
- Convenient e-Statements
- No annual fee inBusiness Debit Card
- 24 branch locations with 24-hour ATM access
- Sophisticated business banking expertise from people you know and trust
How to open
Send an email, call, or visit, to open an inBusiness Premium Savings account.
2Learn more about important inBusiness Premium Savings legal disclosures and information
To receive a current copy of Terms & Conditions related to your account, please contact Customer Care: 1.888.725.2207
inBusiness Money Market
With inBusiness Money Market Savings, you’ll enjoy our best-integrated checking and savings solutions.
- Access anytime online with no-fee inBusiness Online Banking, Mobile Solutions or TeleBanker.
- Receive our convenient e-Statements
- 24 branch locations with 24-hour ATM access
- Sophisticated business banking expertise from people you know and trust
How to open
Send an email, call, or visit, to open an inBusiness Money Market account
3Learn more about important inBusiness Money Market legal disclosures and information
To receive a current copy of Terms & Conditions related to your account, please contact Customer Care: 1.888.725.2207
Health Savings Accounts
With the rising cost of health care, more businesses are transitioning to high-deductible health plans (HDHP). Norway Savings Bank can help your employees save and pay for medical expenses with our HDHP compatible Health Savings Accounts (HSA). Contributions to an HSA can be made by you (the employer), by employees, or by others on their behalf. You choose how the plan is structured.
Getting started with a Norway Savings Health Savings Account program is easy and low cost. Our specialists work with you to determine the best way to electronically fund your employees’ accounts. We can also schedule an on-site visit to help your employees set up individual accounts.
4Learn more about important Health Savings Account legal disclosures and information
To receive a current copy of Terms & Conditions related to your account, please contact Customer Care: 1.888.725.2207
We offer additional FDIC Insurance options for deposits over $250,000. Talk to a banker to learn more on how to optimize FDIC Insurance and protect your deposits.
ADDITIONAL OPTIONS
Norway Savings Bank Asset Management Group
Partnering is about more than money—it’s about your values, your business, your story. We’ll help you create a plan that gets you where you want to go.
Norway Savings Asset Management Group is a division of Norway Savings Bank offering Investment Management, Estate and Trust Services, and Financial Advice. Investment Products are not FDIC insured, are not guaranteed by the Bank and may lose value.
1 Opening business accounts requires specific business documents. As of May 11, 2018, all banks are subject to the Beneficial Ownership rule under the Bank Secrecy Act requiring us to gather more information from business entities than we have in the past when opening new accounts and when certain changes to existing accounts are made. To make sure you have everything you need at account opening, please call 888.725.2207 or visit your local branch.
2inBusiness Premium Savings: A $25 deposit is required to open an inBusiness Premium Savings account.
If there are insufficient funds in the inBusiness checking or Nonprofit checking account to cover outstanding checks, funds can be automatically transferred from the related inBusiness Premium Savings Account. A separate signed agreement required to set up this option. Mobile Solutions is not available for Ecorp clients
3inBusiness Money Market: An inBusiness Checking or Nonprofit Checking account is required to open an inBusiness Money Market Savings account. A $25 deposit is required to open an inBusiness Money Market Savings account. If your balance is $2,500 or more, your interest rate and yield may change at the first of every month. If your balance is below $2,500, we may change your rate at our discretion. Fees on inBusiness Checking accounts may reduce earnings on the associated Money Market Savings account. You may only make six transfers from your account each statement to third parties and you must not exceed a total of six preauthorized transfers in the statement cycle. There is no limit for ATM withdrawals or ATM transfers to another account at Norway Savings Bank. There is no limit for automatic loan payments on your Norway Savings Bank loan, transfers originated in person, withdrawals originated in person or by phone (for a check mailed to you) or for deposits. Mobile Solutions is not available for Ecorp clients
4Health Savings Accounts: In order to establish an HSA program with Norway Savings Bank, employers must complete one of three options:
1. Have a Norway Savings inBusiness Checking account with ACH transfer capabilities;
2. Work with its existing payroll company to fund its employees’ HSA accounts; or
3. Use a checking account at another financial institution with ACH transfer capabilities.
