Internet Explorer 11 is outdated. For improved security and optimized performance we highly recommend upgrading your browser. ChromeFirefoxEdge

Business Accounts

The success of your business is important to us and we want to make managing your money easy.

All checking accounts include the following features:

  • Online Banking
  • Mobile Banking
  • Mobile Deposit
  • eStatements
 

Business Checking & Savings

Business Checking

  • No minimum deposit to open
  • Bank of DeSoto Debit Card

Fees

TypeFee

Monthly maintenance charge

$10.00

Monthly activity charges

Per check paid

$0.15

Per item deposited

$0.10

Per deposit

$0.20

Monthly Earning Credit
These charges will be offset by an Earnings Credit calculated by multiplying average daily collected balance, less legal reserves, times an Earnings Credit Rate (ECR based on a 90-day projected T-Bill Rate).

Savings

  • No minimum deposit to open

Fees

Daily BalanceMonthly Fee

$100.00 or more

No Fee

$99.99 or less

$1.00

Additional Fees

Withdrawals

One free, $1.00 fee per withdrawal thereafter

Interest is accrued daily at the Bank of DeSoto current rate, paid quarterly. 

Commercial Now Account*

  • $1,500.00 minimum deposit to open
  • Unlimited withdrawals
  • Bank of DeSoto Debit Card

Fees

Daily BalanceMonthly Fee

$1,500.00 or more

No Fee

$1,499.99 or less

$1.00

Additional Fees

Withdrawals

One free, $1.00 fee per withdrawal thereafter

*Now Accounts are offered as Commercial Accounts only if they are a Non-Profit or Sole-Proprietor.

Interest paid monthly at the current Bank of DeSoto rate. Below $1,500, no interest paid. 

Money Market & CDs

Money Market

  • $2,500.00 minimum deposit to open

Fees

Daily BalanceMonthly Fee

$2,500.00 or more

No Fee

$2,499.99 or less

$10.00

Additional Fees

Withdrawals

Three free checks per statement cycle, $10.00 fee per withdrawal thereafter

Interest paid monthly at the Bank of DeSoto current rate, below $1,500.00 no interest is paid.

Certificate of Deposit

  • $2,500.00 minimum deposit to open
  • Available from 1 month to 60 months
  • Interest available by compounding or by check
  • Convenient automatic renewal option

Bank of DeSoto's interest rates on CDs fluctuate with current market conditions. CDs may be written to mature on any date. Please ask our New Account Reps to quote Bank of DeSoto's rate for the desired maturity. Federal Regulations require substantial penalty for early withdrawal.

Federal Regulations require substantial penalty for early withdrawal. 

Have Questions?

Contact New Accounts today for additional information on our Business Accounts.

Contact Us

 
Location & Hours Card Services Mobile Banking Online Banking
Back to Top