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Business Savings

Save For Your Future Today

Saving is important for your future. At Heartland Bank, our savings options provide the foundation and flexibility for all of your financial dreams and needs.

From commercial savings accounts to money market to CDs, Heartland Bank has the right savings account for you. We’re here to listen to your goals and review the alternatives that best fit your life.

Commercial Savings

This is a savings account that pays interest and provides businesses with easy access to their funds.

  • $50 minimum opening deposit
  • No monthly maintenance fee with $250 average daily balance; $2 monthly maintenance fee if average balance falls below $250
  • Tiered interest earned on entire account balance
  • Interest tiered to pay higher rates on higher balances
  • Interest compounded monthly

Under Federal Regulation, transfers from a Regular Savings account to another account or to third parties by preauthorized, automatic or telephone transfers are limited to six per statement cycle.


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InvestorPlus Money Fund

This is a cash management account with daily access for the business wanting to maximize the use of funds. Contact a Personal Banker at Heartland Bank for more information.

  • $10,000 minimum balance to open
  • No monthly maintenance fee
  • Free InvestorPlus checks
  • Higher rate of interest
  • $10,000 minimum balance to earn interest
  • Interest tiered to pay higher rates on higher balances
  • Interest compounded monthly
  • Three free withdrawals / checks per month. $5 / per withdrawal / check over three

Under Federal Regulation, transfers from a Regular Savings account to another account or to third parties by pre-authorized, automatic or telephone transfers are limited to six per statement cycle.


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Health Savings Account (HSA)

A Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents. A HSA is established by you in much the same way that you establish an IRA.

Eligibility:

You are eligible to make an HSA contribution if you:

  • Are covered under a high-deductible health plan
  • Are not also covered by any other health plan
  • Are not enrolled in Medicare
  • Cannot be claimed as a dependent on another person's tax return.

Contributions:

If you qualify for a HSA, you, your employer, your family members, and any other person (including non-individuals) may contribute to your HSA. This is true whether you are self-employed or unemployed. The maximum annual contribution amount is generally 100% of the annual medical insurance deductible.*

Other benefits:

You are eligible to make an HSA contribution if you:

  • Contributions are deductible*
  • Contributions made by an employer may be excluded from employee's gross income.
  • Earnings grow tax deferred
  • Distributions for qualified medical expenses are tax free
  • "Portable" account stays with you if you change employer or leave the work force.
  • A "catch-up" contribution is available for individuals who are age 55+

Please contact a Personal Banker for assistance with any Health Savings Account related questions.

*Consult with your tax or legal professional for guidance.


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Savings OptionsKey FeaturesIdeal if You Want
Commercial Savings Tiered interest with easy access to funds. Low minimum balance
Health Savings Accounts (HSA) Save for out-of-pocket qualified medical expenses for you and your family A flexible savings plan for your medical expenses (when paired with a High Deductible Health Plan)
InvestorPlus Money Fund Interest rate based on balance tiers An alternative to CDs that keeps your cash available

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