With a selection of deposit accounts featuring highly competitive rates, low fees and FDIC Insurance*, Cole Taylor is ready to meet the financial needs of businesses. Add our legendary service and state-of-the-art online banking tools, and on balance, we’re simply the best choice.
- The Works 300 Business Checking
Non-interest-bearing account with a full complement of features available. Ideal for small and growing businesses.
- Business Choice Solutions Checking
Non-interest bearing account package designed to economically meet the needs of businesses and non-profits with moderate account activity. Includes remote deposit scanner and treasury management tools.
- Business Interest Checking NOW
Interest-bearing account designed for eligible not-profit organizations, non-profit government entities, sole proprietorships or associations with low transaction volumes.
- Pinnacle Business Money Market**
Interest-bearing account ideal for smaller businesses with low transaction volumes.
- Commercial Checking
For customers with higher transaction volume and cash management service needs. (Eligible for earnings credit rate.)
- Interest on Lawyers Trust Accounts (IOLTA)
Interest-bearing account limited to attorneys and law firms to hold short-term client escrow funds.
*All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
**Money Market Accounts are limited by Federal Regulation to no more than six preauthorized transfers or withdrawals or a combination of such withdrawals or transfers including checks, drafts, and point of sale (POS) withdrawals posting to this account per statement cycle. Electronic Funds Transfer (sometimes referred to as ACH withdrawals), point of sale, computer terminal, and telephone transactions are considered preauthorized transactions.
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