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Business Savings/Money Market

Invest in your own future with these great choices for saving.

We offer a variety of Business Savings options that help you plan intelligently and carefully for the future.

Business Savings1

Minimum Opening Deposit $100
Monthly Maintenance Fee2 $3
Minimum Daily Balance Required to Waive Monthly Maintenance Fee $500
Other Charges $1 per transaction over three per month if balance is less than $500
Minimum Daily Balance Required to Earn Interest Daily balance earns interest
ATM Charges3
  • No charge at Columbia Bank ATMs
  • $2.00 at all non-Columbia Bank ATMs
  • No charge for Point of Sale4

1 During any statement cycle you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party. A $5 charge per withdrawal will be assessed after the sixth withdrawal per statement cycle. If you continue to exceed the number of transfers or withdrawals, your account may be closed or the account type may be changed.
2 If the balance required to avoid the monthly maintenance fee is based on a minimum, you must maintain the minimum balance each day to avoid the disclosed maintenance fee.
3 ATM cards are available to sole proprietors only.
4 VISA® Business Debit Cards are subject to credit approval

Business Money Trend1

Minimum Opening Deposit $1,000
Monthly Maintenance Fee2 $10
Minimum Daily Balance Required to Waive Monthly Maintenance Fee $1,000
Other Charges $1 per debit if balance is less than $1,000
Minimum Daily Balance Required to Earn Interest Daily balance earns interest
ATM Charges3
  • No charge at Columbia Bank ATMs
  • $2.00 at all non-Columbia Bank ATMs
  • No charge for Point of Sale4
Canceled Check Options Safekeeping required

1  During any statement cycle you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party. A $5 charge per withdrawal will be assessed after the sixth withdrawal per statement cycle. If you continue to exceed the number of transfers or withdrawals, your account may be closed or the account type may be changed.
2  If the balance required to avoid the monthly maintenance fee is based on a minimum, you must maintain the minimum balance each day to avoid the disclosed maintenance fee.
3 ATM cards are available to sole proprietors only.
4 VISA® Business Debit Cards are subject to credit approval

Premium Business Money Market1

Minimum Opening Deposit $25,000
Monthly Maintenance Fee2 $20
Minimum Daily Balance Required to Waive Monthly Maintenance Fee $25,000
Other Charges Not applicable
Minimum Daily Balance Required to Earn Interest Daily balance earns interest
ATM Charges3
  • No charge at Columbia Bank ATMs
  • $2.00 at all non-Columbia Bank ATMs
  • No charge for Point of Sale4
Canceled Check Options Safekeeping required

1  During any statement cycle you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party. A $5 charge per withdrawal will be assessed after the sixth withdrawal per statement cycle. If you continue to exceed the number of transfers or withdrawals, your account may be closed or the account type may be changed.
2  If the balance required to avoid the monthly maintenance fee is based on a minimum, you must maintain the minimum balance each day to avoid the disclosed maintenance fee.
3  ATM cards are available to sole proprietors only.
4 VISA® Business Debit Cards are subject to credit approval

Compare Business Savings and Money Market Accounts1

 Business Savings 1Business Money Trend 1Premium Business Money Market 1
Minimum Opening Deposit $100 $1,000 $25,000
Monthly Maintenance Fee $3 $10 $20
Minimum Daily Balance Required to Waive Monthly Maintenance Fee2 $500 $1,000 $25,000
Other Charges $1 per transaction over three per month if balance is less than $500 $1 per debit if balance is less than $1,000 Not applicable
Minimum Daily Balance Required to Earn Interest Daily balance earns interest Daily balance earns interest Daily balance earns interest
ATM Charges3
  • No charge at Columbia Bank ATMs
  • $2.00 at all non-Columbia Bank ATMs
  • No charge for Point of Sale4
  • No charge at Columbia Bank ATMs
  • $2.00 at all non-Columbia Bank ATMs
  • No charge for Point of Sale4
    • No charge at Columbia Bank ATMs
    • $2.00 at all non-Columbia Bank ATMs
    • No charge for Point of Sale4
    Canceled Check Options Not applicable Safekeeping required Safekeeping required

    1  During any statement cycle you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party. A $5 charge per withdrawal will be assessed after the sixth withdrawal per statement cycle. If you continue to exceed the number of transfers or withdrawals, your account may be closed or the account type may be changed.
    2  If the balance required to avoid the monthly maintenance fee is based on a minimum, you must maintain the minimum balance each day to avoid the disclosed maintenance fee.
    3  ATM cards are available to sole proprietors only.
    4 VISA® Business Debit Cards are subject to credit approval

    Business Health Savings Accounts

    If you offer a high-deductible health plan (HDHP), the employees who participate in that plan may be eligible to contribute to a Health Savings Account (HSA)—a flexible, tax-free way to save for their medical expenses. By establishing an HSA program at your company, you're opening the door to a host of benefits for you and your employees.

    Expanded Availability

    Unlike Archer Medical Savings Accounts, HSAs are available to everyone, not just the employees of small businesses and the self-employed.

    Tax-Free Benefits

    HSAs allow you and your employees to make contributions and earn interest tax free. Plus, the distributions (the assets withdrawn) are also tax free as long as they're used for qualified medical expenses.

    Flexibility in Spending

    The assets in an HSA can be used to pay for—or reimburse—qualified medical expenses, such as health insurance deductibles, co-payments, certain over-the-counter medications and out-of-pocket expenses.

    Year-to-Year Savings

    You've heard the phrase, "use it or lose it." Well, an HSA isn't like that at all. HSA balances carry forward year after year, allowing you and your employees to budget for health expenses and build up savings to cover qualified medical expenses when the need arises.

    Individual Ownership

    An HSA is owned by each individual. So, it's his or her responsibility to maintain.

    Contribution Options

    As an added benefit to your employees, you can choose to make contributions to their HSAs. The annual contribution limit is based on the type of HDHP coverage. For 2014, the limit increases to $3,300 for self-only coverage and $6,550 for family coverage. These limits are subject to annual cost-of-living adjustments (COLAs). Individuals who are age 55 or older by the end of the taxable year and not enrolled in Medicare may make additional contributions up to $1,000 per year.

    Find out more today

    As you can see, offering an HSA program (in conjunction with an HDHP) provides benefits to both you and your employees. Call us or stop in to find out more.

    Account Flexible Spending Account Health Reimbursement Arrangement Health Savings Account
    What type of plan is required? Any type of plan Any type of Plan HDHP required:IRS-defined parameters
    Who owns the account? Employee Employer Employee
    Who can fund the account? Employee Employer Employee, Employer
    Does the account accrue interest? No Yes (but not typical) Yes
    Do assets carry over/roll over to the next plan/next year? Limited Depends on how the plan is set up Yes
    Is the account portable? No No Yes
    Is there a catch-up provision? No No Yes

    You must maintain a minimum daily balance of $2,500.00 to waive the $2.50 monthly maintenance fee on the Business Health Savings account.

    This page is intended to provide general information on federal tax laws governing HSAs. It is not intended to provide legal advice or to be a detailed explanation of the rules or how such rules may apply to your individual circumstances or under your state tax laws.

    For specific information, you are encouraged to consult your tax or legal professional. IRS Publication 969, Health Savings Accounts and Other Tax- Favored Health Plans, the instructions to IRS Form 8889 and the IRS's web site, www.irs.gov, may also provide helpful information.