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Business Accounts

Business Progressive

Designed for any business type; corporation, sole proprietor, partnership, LLC, profit or non-profit with limited or moderate checking activity.

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Business Corporate

The optimal account for businesses with moderate to high checking activity and can include any of our treasury management services.  Available for all types of businesses and organizations.  Provides the added advantage of an earnings credit to reduce or eliminate service charges.

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Business Extra

Exclusively designed for sole proprietorships looking to earn interest to generate income.

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Business Investment Sweep

Cash in excess of a predetermined target balance is automatically swept overnight into an investment account and then swept back into checking as funds are needed. Interest rates are subject to change.

Business Line of Credit Sweep

Allows you to reduce interest expense and overdraft charges by automatically funding checks when presented for payment and paying down your line of credit with excess funds.

Passbook Regular Savings

A simple way for your business to maintain fast, easy access to cash while still earning interest. Interest rates are subject to change.

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Preferred Money Market

Can be opened by any business, earns a greater interest rate, but limits monthly withdrawals and checks written.   Rates, Tiers and full disclosure.

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Health Savings Account

A Health Savings Account (HSA) is a tax-free way for your employees covered by a High-Deductible Health Plan (HDHP), to set funds aside for anticipated healthcare expenses.  HSA’s can help you share the cost of healthcare with your employees.

Features:

  • Competitive tiered interest rates
  •  No set-up fee
  •  No transaction fees
  •  Minimal annual fees
  •  Free checks
  •  Free HSA debit card
  •  Free online banking

Benefits:

  • Year to Year Savings-Funds roll over from year to year, allowing employee to build up funds to cover qualified medical expenses
  •  Ownership/Control -The employee owns and self-administers their HSA, so there is little administration for the employer
  •  Tax advantage-If used for qualified medical expenses, HSA funds are never taxed

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e- Statement Service

Our e-Statements service provides you with secure delivery of your checking and savings account statements through our Online Banking Center. It is free, convenient, fast, easy and secure. This gives you easy access to your account statement and you have the ability to view, print, download and save statements on your own computer. After enrollment, you will receive an email when your statement is available. This provides you with increased protection against identity theft.

If you would like to enroll in our online banking services and begin receiving your e-Statements through this secure access, you may do so by following these simple steps:
  • Go to www.oldfortbank.com - locate the Online Banking Center on the left hand side of the screen
  • Select  "business enrollment"
  • Complete the online enrollment and answer "yes" to the electronic format question
  • Receive your approval confirmation e-mail
  • Begin receiving your e-Statements through our secure online banking service
If you are currently using online banking services please follow the instructions listed below:
  • Go to www.oldfortbank.com
  • Login using your confidential access id and password
  • Click on the "Accounts" tab
  • Select "statement" and click on the "Electronic Only Statement Delivery" option
  • Begin receiving your e-Statements through our secure online banking service

If you have any questions or concerns regarding either enrollment please don't hesitate to contact us at 1-866-347-3440

 

Regular Certificate of Deposit

We offer Business Certificates of Deposit with tiered interest rates. You can choose from various terms starting at 90 days.

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Jumbo Certificate of Deposit

We offer Business Jumbo ($100,000.00 or above) Certificates of Deposit with tiered interest rates. You can choose from various terms starting at 7 days.

CDARS®-Certificate of Deposit Account Registry Service®

Features:

  • Invest up to $50 million and still be eligible for FDIC insurance on every dollar
  •  Using CDARS®, we place your funds with multiple FDIC-insured institutions, making you eligible for FDIC insurance coverage up to 50 million

Benefits:

  • You enjoy the simplicity of using just one bank

For more information contact an Old Fort Banking Company’s Chief Financial Officer, Mike Daniel at 1-866-347-3440.

Old Fort Bank, Member FDIC. Funds may be submitted for placement only after a depositor enters into the CDARS® Deposit Placement Agreement®. The agreement contains important information and conditions regarding the placement of funds by Old Fort Bank. Please read the agreement carefully before signing it. CDARS® and Certificate of Deposit Account Registry Service® are registered service marks of Promontory Interfinancial Network, LLC.

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