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You are here: CNB Home  / Business Banking  / Business Savings & Money Market Accounts

Business Savings & Money Market Accounts


Standard features of our business savings accounts include:
  • Funds may be withdrawn at any time with no interest penalty
  • Premium rates paid on balances of $10,000.00 and over
  • Six telephone/third party transfers are allowed per month*
  • No charge for items not drawn on Citizens National Bank under 25 per month
Description: Business
Statement Savings
Business Insured Money
Market Account (IMMA)
 Minimum Deposit to Open Account
 $0  $0
Account Features
  • Quarterly statements are provided unless attached to a monthly checking account
  • Low balance fee waived when the account is combined with a monthly checking account
  • Monthly statements
  • Money market rates paid on collected balances
Minimum Balance to avoid monthly fees $300 daily balance
$2,500 daily balance
Fees $6 per month* $10 per month, plus $0.20 per withdrawal or debit
Minimum Opening Balance $0 $0

*Regulation D applies to savings and money market accounts. It restricts accounts to six (6) pre-authorized debits per month (including telephone and on-line banking). An excess fee of $10.00 will be charged for each debit in excess of the pre-authorized limit.

CONTACT US: 303 North Main Street • Cheboygan, MI 49721 • Tel.: (231) 627-7111         Telebanc Phone Number: (888) 627-1960