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Business Savings

Business Savings, Money Markets & CDs

Want to get the most out of your excess cash flow? The Bank of Missouri has a variety of short-term and long-term options that put your savings to work.

Money market accounts, traditional savings accounts and CDs each offer unique benefits. Review the basics here and when you’re ready to learn more about which is right for your business, give us a call to speak with one of our business banking specialists.

Business Money Market

Money market accounts allow you to write a limited number of checks, and you can get started with a lower minimum deposit than our High Performance Savings option.

  • Minimum opening deposit of $100
  • No minimum balance requirements
  • No monthly service charge
  • Six withdraws or transfers per month¹, excluding ATM and in-person transfers
  • Interest bearing² when balance is above $4,999.99. Interest paid monthly. See rates
  • Monthly electronic or paper statement available, includes images
  • FDIC protection

Business High Performance Savings

This account can be a great fit if you are looking to save money for future business purchases or growth and do not plan to write checks from the account.

  • Minimum opening deposit of $10,000
  • No minimum balance requirements
  • Six transfers per month¹, excluding ATM and in-person transfers
  • Interest² paid semi-annually. See rates
  • Monthly electronic or paper statement available, includes images
  • FDIC protection

Certificates of Deposit (CDs)

CDs offer flexible terms, FDIC protection, competitive rates, and the security of fixed returns.

  • Minimum opening deposit of $500
  • Minimum balance of $500
  • Wide selection of certificate terms at competitive market rates

Current CD rates

Certificate of Deposit Account Registry Service (CDARS®)

One Rate. One Bank. One Statement. CDARS is the most convenient way to access FDIC insurance on multi-million-dollar CD deposits3 and to earn rates that may compare favorably to Treasuries and money market mutual funds. You negotiate one rate with us for each CD maturity and enjoy the option of reinvesting funds through a simple process.

Select from a wide variety of maturities – ranging from 4 weeks to 5 years – and choose the terms that best suit your investment needs. With CDARS, you sign one agreement with our bank, earn one interest rate per maturity, and receive one statement.

How CDARS works

How CDARS can save you time

CDARS can reduce your administrative burdens, especially during tax and financial reporting seasons, providing you more time to focus on profit-generating activities. Because CDARS deposits are eligible for FDIC protection, you may not need to continually collateralize your deposits. This can eliminate the time-consuming task of tracking changing collateral values on a recurring basis.4

How CDARS enables multi-million dollar FDIC insurance

The standard FDIC insurance maximum is $250,000 per insured capacity, per bank. When you place your large-dollar deposit with a member institution of the CDARS Network, your deposit is divided into smaller amounts and placed with other CDARS Network members – each an FDIC-insured institution. Then, those member institutions issue CDs in amounts under $250,000, so your deposit is eligible for FDIC insurance at each member bank. By working directly with one Network member, you receive insurance through many, with the convenience of only working with one bank.

Insured Cash Sweep (ICS®)

With Insured Cash Sweep®, you can earn interest and access multi-million-dollar FDIC protection on your large savings deposits.5 Rather than manually splitting up large-dollar savings between multiple banks, you work with one bank. We place your funds in deposit accounts at ICS Network members, and those network members provide you with access to the additional FDIC insurance coverage. By working with one network member, you are able to receive insurance coverage from other members.

Additionally, your money is always deposited in regulated, FDIC-insured institutions. You can see online where your funds are at all times. With the ability to make withdrawals up to six times per month, you can access your funds when you need them too.

How ICS works

With ICS, you have a transaction account with your bank and then deposits are sent to deposit accounts a to ther memeber institutions in amounts under the standard FDIC insurance maximum of $250,000, based on triggering events as set forth in teh ICS Deposit Placement Agreement that you enter into with your bank. If you choose both the savings and demand options, you will need to have a separate transaction account for each option.

Using CDARS and ICS Together

You may use CDARS and ICS at the same time. As always, your confidential information remains protected. If you are a CDARS customer at our bank, and we place funds for you through CDARS and through ICS under the same tax identification number6, the ICS system is programmed to recognize your existing CDARS placements and exclusions maintained by us. Online tools allow you to verify your funds locations and that they are not being placed in institutions you have excluded.

Ready to take your business to the next level?


¹ Federal regulations limit the number of the following types of withdrawals and transfers from a savings or money market account to a total of six (6) each month: automatic or preauthorized transfers, telephone transfers, Online and Mobile Banking transfers or payments, checks, drafts, debit card, or other similar orders to third parties. If you exceed these limits three or more times, the bank may be required to close your account.
² Rates are subject to change daily.
3 Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with a CDARS participating institution. This agreement contains important information and conditions regarding the placement of funds. CDARS, Certificate of Deposit Account Registry Service, ICS, and Insured Cash Sweep are registered service marks of Promontory Interfinancial Network, LLC.
4 If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor's funds through CDARS, or a particular CDARS transaction, satisfies those restrictions.
5 Placement of funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements you enter into with us, including the ICS Deposit Placement Agreement. Opening deposit and minimum balance vary. Limits and customer eligibility criteria apply. Program withdrawals are limited to six per month. CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
6 Different tax identification numbers do not guarantee different insurable capacities.

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First Choice Insurance Agency, Inc is a wholly owned subsidiary of Reliable Community Bancshares, Inc., parent company of The Bank of Missouri.

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