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Online Banking IB Corp
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Corn Field
FDICFDIC
SavingsSavings

For assistance call:
1-800-823-2274 or 406-265-1241

Business Savings, Certificates of Deposit, and IRA’s

Business Savings

We have several business savings account options to choose from:

 

Account TypeMinimum Daily Balance RequiredMonthly Maintenance Fee if Balance is not MaintainedWithdrawals allowed per Statement CycleFree IB Online Banking
Business Savings  $25 $1 3* Yes
VIP Business Savings  $5000   $5 Maintenance Fee and no interest paid that statement cycle 3**  Yes
Premier Savings  $25,000 $25 Maintenance Fee and no interest paid that statement cycle 4***  Yes

 

* 3 withdrawal limit per month.  Excessive Withdrawal Fee: $2 per withdrawal when limit is exceeded. 

** 3 withdrawals limit statement cycle.  Excessive Withdrawal Fee: $2 per withdrawal when limit is exceeded.

*** 4 withdrawals limit statement cycle.  Excessive Withdrawal Fee: $25.00 per withdrawal when limit is exceeded.

Business Savings Account

Earn competitive interest on the money you save!

  • $25 minimum opening and daily balance requirement
  • Below minimum, a $1 maintenance fee per month
  • 3 withdrawal limit per month.  Excessive Withdrawal Fee: $2 per withdrawal when limit is exceeded
  • Interest paid on average daily balance with rate subject to change
  • The interest rate and annual percentage yield for your account depend upon the applicable rate tier.  The interest rate and annual percentage yield for these tiers may change

VIP Savings Account

Earn competitive interest rates on higher balances!

  • $5,000 minimum opening and daily balance requirement
  • Below minimum a $5 maintenance fee month
  • 3 withdrawal limit per month.  Excessive Withdrawal Fee: $2 per withdrawal when limit is exceeded
  • Must maintain a minimum average daily balance of $5,000 to obtain the disclosed annual percentage yield
  • The interest rate and annual percentage yield for your account depend upon the applicable rate tier.  The interest rate and annual percentage yield for these tiers may change

Premier Savings Account

Premium savings account rewards balances with higher interest rates of return!

  • $25,000 minimum opening and daily balance requirement
  • Below minimum, a $25 maintenance fee per month
  • 4 withdrawal limit per month.  Excessive Withdrawal Fee: $25 per withdrawal when limit is exceeded
  • Must maintain a minimum average daily balance of $25,000 to obtain the disclosed annual percentage yield
  • The interest rate and annual percentage yield for your account depend upon the applicable rate tier.  The interest rate and annual percantage yield for these tiers may change 

Certificates of Deposit

  • Various terms and competitive interest rates available
  • $500 minimum opening deposit
    Subject to early withdrawal penalties
  • Various terms and competitive interest rates available
  • Flexibility to meet the customer’s requirements
  • CDARS®

    CDARS®  is the Certificate of Deposit Account Registry Service®.  And it's the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000.
  • One Bank - Everything is handled through Independence Bank.  Your large deposit is broken into smaller amounts and placed with other banks that are members of a special network.  Then, those member banks issue CDs in amounts under $250,000, so that your entire investment is eligible for FDIC insurance.  By working with just one bank - Independence Bank - you can receive insurance from many.
  • One Rate - Your earn one rate on your entire investment.
  • One Statement - Your receive one regular account statement listing all of your CDs, along with their issuing banks, maturity dates, interest earned, and other details. 

Individual Retirement Accounts

  • Various terms and competitive interest rates available
  • $25 minimum opening deposit
  • Annual fee of $15 with a closing fee of $25
  • 1 withdrawal per six month period.  Excessive Withdrawal Fee: $25 per withdrawal when limit is exceeded
  • Interest paid on average daily balance with rate subject to change
  • Subject to early withdrawal penalties
  • The interest rate and annual percentage yield for you account depend upon the applicable rate tier. The interest rate and the annual percenatge yield for these tiers may change