Business Accounts

Simplify your business finances

Whether you’re a fast-growing small business, an established organization, or a busy nonprofit, Northfield Savings Bank provides checking options that adapt as your business needs change. We offer a range of account options from basic and interest-bearing to more specialized IOLTA or IORTA accounts for the law or realty fields. 

Every Northfield Savings Bank business checking account offers the following features:1


24-hour support with NSB PhoneBank

ATM and debit cards

Free online access & eBillpay

Free direct deposit

FDIC-insured
Enterprise Checking

BEST FOR: Businesses with moderate monthly activity

Features:

  • Minimum to open: $10
  • Monthly service charge: Free (No minimum daily balance is required)
  • Monthly per item fee: first 250 free; $.40 per item afterward (written or deposited) excludes ACH transactions
  • Debit card
  • Free Business Savings available2

 

 

Cash Management Sweep 

BEST FOR: Auto transfers between checking and repurchase agreement5

Features:

    • Minimum to open: $10
    • Minimum balance: $2,500 collected balance in checking account
    • Monthly service charge: $50 for repurchase agreement (2-way); $100 for repurchase agreement (3-way)
    • Monthly per item fee: $.20 per item processed; $.15 per item deposited
    • Debit card 
    IORTA Checking View Rates »

    ONLY FOR: Realtors

    Features:

    • Interest paid to VHFA3
    • Minimum to open: $10
    • Minimum balance to earn interest: $1.00
    • No monthly service charge
    • No monthly per item fee
       
    Business Savings View Rates »

    BEST FOR: Everyday savings for business or nonprofit

    Features:

    • Minimum to open: $10
    • Minimum balance to earn interest: $500
    • Interest compounded daily, posted monthly3
    • Monthly service charge: waived with average daily balance of $500 or $5.00/month
    • Monthly per item fee: first 20 free; $.40 per deposited item afterward

     

     

     

    Insured Cash Sweep (ICS)

    BEST FOR: Businesses with balances exceeding $250,000 looking for 100% FDIC insurance coverage 

    Features:

    • Earn interest on funds placed into demand deposit accounts, money market deposit accounts, or both using ICS6
    • Earn interest on funds placed into CDs using CDARS (Limits apply.)7
    • To learn more, please contact a member of our Commercial Services Team:
    Enterprise Checking with Interest View Rates »

    BEST FOR: Businesses of any size looking to earn interest

    Features:

    • Minimum to open: $10
    • Minimum balance to earn interest: $0
    • Interest compounded daily, posted monthly3
    • Monthly service charge: waived with average daily balance of $5,000 or $15/month
    • Monthly per item fee: first 750 free, $.40 per item afterward (written or deposited) excludes ACH transactions
    • Debit card
    • Free Business Savings or Business Money Market available4 
    Community 150 

    ONLY FOR: Non-profit organizations

    Features:

    • Minimum to open: $10
    • No monthly service charge
    • Monthly per item fee: first 150 free, $.15 per item afterward (written or deposited)
    • Debit card 
       

     

     

    IOLTA Checking View Rates »

    ONLY FOR: Lawyers

    Features:

    • Interest paid to Vermont Bar Association3
    • Minimum to open: $10
    • Minimum balance to earn interest: $1.00
    • No monthly service charge
    • No monthly per item fee

     

    Business Money Market View Rates »

    BEST FOR: Businesses with higher balances looking to earn interest

    Features:

    • Minimum to open: $10
    • Minimum balance to earn interest: > $0
    • Interest compounded daily, posted monthly3
    • Monthly service charge: waived with average daily balance of $5,000 or $10/month
    • Monthly per item fee: first 6 checks, pre-authorized electronic withdrawals (including debit cards) or transfers per month free, $15 per item afterward. Deposited items are free.
    • Debit card 

    See our complete list of service fees »

    1 Some features do not apply to IORTA and IOLTA accounts
    Upon closure of Enterprise Checking regular service charges will apply on the Business Savings account.
    Rates are subject to change after checking accounts are opened and fees may reduce earning. View latest rates
    Upon closure of Enterprise Checking with Interest regular service charges will apply on the Business Savings and Business Money Market accounts.
    Repurchase agreements are not FDIC-insured, not bank guaranteed, may lose value, are not insured by any federal agency, and are not a bank deposit. Repurchase agreement definition: A transaction involving the "sale" of securities by NSB to the customer, subject to an agreement by NSB to repurchase the securities in specified circumstances. The repurchase agreement is a non-deposit investment product. It is not insured by the FDIC, it is not a deposit  or other obligation of, or guaranteed by, NSB, and it is subject to investment risks, including possible loss of the principal amount invested.
    Limits, terms, and conditions apply. ICS and Insured Cash Sweep are registered service marks of Promontory Interfinancial Network, LLC.
    CDARS is a registered service mark of Promontory Interfinancial LLC.