Business Savings Guaranty State Bank

Grab opportunities as they come, and have an interest-bearing safety net when you need it.

Competitive interest on entire balance¹
No monthly maintenance charge²
No minimum balance requirement
6 free withdrawals per month; $0.50 per withdrawal in excess thereafter
Digital banking available
Free statement mailed annually
- Monthly statements will be mailed if EFT transaction occurs
$25 minimum deposit to open

¹Interest rate is subject to change without notice.

²$5 per month for dormant accounts with NO ACTIVITY for two (2) years.

One of our highest rates is yours when your business maintains a daily balance of $2,500 or more.

Competitive, tiered interest rates¹
- Accounts with a daily balance of less than $2,500 earn savings account rate
- Accounts with a daily balance of $2,500 or more may earn higher rate
6 free withdrawals per month; $0.50 per withdrawal in excess thereafter
Digital banking available
Free monthly mailed statement
$25 minimum deposit to open

¹Interest rate is subject to change without notice.

Put idle company funds to work. Just choose your term to start earning a fixed, competitive rate.

¹Early withdrawals may result in a penalty.

Look out for your employees — and yourself. Our SEP and SIMPLE IRAs make it easy to save for retirement.

Ideal for businesses of any size or self-employed individuals
Gain the respect of your employees
- Help employees reach their retirement savings goals
- Employee always has complete ownership of all SEP IRA money
Earn competitive interest on entire balance
Contributions are tax deductible; your business pays no taxes on earnings
- Contributions made only by the employer
- Only self-employed may make contributions on their own behalf
Little to no documents to file with government
Inexpensive to set up and operate
Flexible annual contributions – good plan if cash flow is unpredictable
Can contribute up to 25% of each participant’s annual compensation (earned income)
- Or, up to the maximum allowable limit for current plan year, whichever is less
- Must contribute equally for all employees
Employee must first establish a traditional IRA, in which the employer will deposit SEP contributions

Available to any small business — generally with 100 or fewer employees
Gain the respect of your employees
- Employees have the option to make self-contributions
- Help employees reach their retirement savings goals
- Employee always has complete ownership of all SIMPLE IRA money
Earns a competitive interest rate
Employer must not have any other retirement plan
Minimal paperwork necessary; no filing requirements
Inexpensive to set up and operate
Lower contribution limits than some other retirement options
Employees share responsibility of growing their retirement
Each year, employer is required to contribute:
- Matching contribution up to 3% of compensation, or
- 2% non-elective contribution for each eligible employee

Business Savings