Business Savings & Money Market
Smart savings plans to move your business forward.
Savings That Work as Hard as Your Business
A business savings account gives you a simple way to earn interest on extra cash. Stop in at any of our ENB Community Banking Offices to discuss your options.
Earn a higher rate on larger balances while keeping flexibility to access your funds.
This special money market provides higher rates to nonprofits and not-for-profits.
Give employees a tax-smart way to save for healthcare with an ENB Health Savings Account.
Business Checking
ENB business checking helps you manage day-to-day finances with less hassle, so you can focus on running your business. You’ll get convenient access to your money, helpful digital tools, and local support when questions come up. As a local bank, ENB takes the time to understand your business and the community you serve.
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Financial Know-How Starts Here
From managing cash flow to choosing the right accounts, explore insights and tips to help your business thrive.
Business Savings Options
- $100 minimum deposit required to open
- $100 minimum balance required to avoid $5 monthly fee
- Eligible as Overdraft Protection on ENB Business Checking
- $2,500 minimum deposit required to open
- $2,500 minimum balance required to avoid $10 monthly fee
- No minimum balance required to earn interest
- Tiered rates with higher yields on higher balances
- Eligible as Overdraft Protection on ENB Business Checking
- Access funds by check, ATM, or in person at any ENB Community Banking Office
Great employers offer great benefits, and an ENB Health Savings Account (HSA) is one you can provide at little cost. Employees save for qualified medical expenses like copays and prescriptions through pretax payroll deductions, while your contributions are generally excluded from federal income tax, Social Security tax, and unemployment taxes.* To qualify, your company must offer a high-deductible health plan. Your HSA plan includes a dedicated ENB Relationship Manager for personalized support whenever you or your employees need it.
Employee Benefits:
- Pretax contributions lower taxable income
- Tax-free account growth and withdrawals for eligible expenses*
- Annual rollovers let unused savings accumulate
- Access funds for medical expenses even after age 65 on Medicare
- No required distributions at age 70½
*Consult with a tax advisor.
- $2,500 minimum deposit required to open
- $2,500 minimum balance required to avoid $10 monthly fee
- No minimum balance required to earn interest
- Eligible as Overdraft Protection on ENB Business Checking
Business Savings FAQs
Money market accounts typically offer higher interest rates and are often a better fit for businesses that keep higher balances on hand.
Yes. Deposits are FDIC insured up to applicable limits, providing added peace of mind.
The right account depends on how much cash you keep on hand and how often you need access to it. A local ENB business relationship manager can help you talk through your goals and options.
