Take managing business finances from basic to ELITE
Enjoy 24/7 account monitoring with customized transaction alerts, unlimited check writing, and tons of freebies.
Benefits You'll Love
- Free cashier’s checks and money orders
- Around the clock account access
- Mobile banking with mobile deposit to save on branch trips
- Customized debit card and account alerts
- Business Online and Mobile Banking
- 24/7 Access to Real Time Account Info
- Internal Account Transfers
- Customized Transaction Alerts
- Standard Mobile Deposit Limit: $10,000.00
- Unlimited Check Writing
- Business Debit Card
- Business Credit Card with Approved Application
- No Fee for the Purchase of Money Orders
- No Fee for the Purchase of Cashier’s Checks
- Free Bank Deposit Bag
- Free Deposit Endorsement Stamp
MOBILE DEPOSIT:
Deposit checks directly into your bank account using your smartphone or tablet by taking a photo of the check through our mobile app. The standard mobile deposit limit is $2,500 for Essential Checking and $10,000 for Elite Checking. Funds are generally available the next business day. Restrictive Endorsement Required.
INTERNAL ACCOUNT TRANSFERS:
Allow businesses to quickly and securely move funds between eligible accounts within the same organization through online banking. This service provides convenient access to manage cash flow, consolidate funds, and transfer money between accounts without requiring a visit to the bank.
CASHFLOW CENTRAL:
CashFlow Central offers small businesses one simple interface to pay bills the way they want and to easily manage vendors, contractors and billers. Small businesses can streamline workflows, gain real-time cash flow visibility and save valuable time so they can focus on growing their businesses.
*Only available for Elite Business Accounts with a $20.00 monthly fee
- ACH POSITIVE PAY
Designed to help businesses monitor and control ACH transactions. This service allows authorized payments to be reviewed and approved.
* Requires Additional Agreement - CHECK POSITIVE PAY
A fraud prevention service that helps businesses detect unauthorized or altered checks by matching checks presented for payment against a list of checks issued.
*Requires Additional Agreement - ACH ORIGINATION
Enables businesses to send and receive electronic payments securely through online banking. Common uses include payroll, vendor payments, and account transfers.
*Requires Additional Agreement - QUICKEN & QUICKBOOKS INTERFACE
Download banking transactions into Quicken and QuickBooks, reducing manual data entry, improving reconciliation accuracy, and saving time on bookkeeping.
*Electronic Services Package (ESP) is designed to provide fraud prevention, payment processing, and account management tools to help businesses protect and manage their finances. Certain ESP services may require additional setup, agreements and approvals.
1. A monthly fee of $20.00 will be deducted directly from the designated account. The fee will be debited the last business day of the month.
2. The monthly fee will continue until the service is terminated by either your business or The Bank of Tescott in accordance with applicable account and service agreements.
3. Your business must maintain sufficient funds in the designated account to cover the monthly fee.
The Business owners are responsible for notifying The Bank of Tescott of any changes to the designated account.
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Certificates of Deposit (CDs) ($0 - $9,999.99)
| Term | Interest Rate | APY |
|---|---|---|
| 3 Month | 0.31% | 0.31% |
| 6 Month | 3.06% | 3.10% |
| 9 Month | 3.06% | 3.10% |
| 12 Month | 3.06% | 3.10% |
| 15 Month | 3.45% | 3.49% |
| 18 Month | 3.45% | 3.49% |
| 24 Month | 3.45% | 3.49% |
| 30 Month | 3.11% | 3.15% |
| 36 Month | 3.11% | 3.15% |
| 48 Month | 3.11% | 3.15% |
| 60 Month | 3.11% | 3.15% |
Interest compounds quarterly; automatically renews.
$1,000.00 Minimum Opening Balance on all CDs.
IRA rates are the same as rates paid on CDs over $10,000.00.
Substantial Penalty for Early Withdrawal.
ACCOUNTS INSURED BY THE FDIC.
Notice to Consumers: Contact bank employees for more information.
Certificates of Deposit (CDs) ($10,000+)
| Term | Interest Rate | APY |
|---|---|---|
| 3 Month | 0.66% | 0.66% |
| 6 Month | 3.41% | 3.45% |
| 9 Month | 3.41% | 3.45% |
| 12 Month | 3.41% | 3.45% |
| 15 Month | 3.80% | 3.85% |
| 18 Month | 3.80% | 3.85% |
| 24 Month | 3.80% | 3.85% |
| 30 Month | 3.45% | 3.49% |
| 36 Month | 3.45% | 3.49% |
| 48 Month | 3.45% | 3.49% |
| 60 Month | 3.45% | 3.49% |
Interest compounds quarterly; automatically renews.
$1,000.00 Minimum Opening Balance on all CDs.
IRA rates are the same as rates paid on CDs over $10,000.00.
Substantial Penalty for Early Withdrawal.
ACCOUNTS INSURED BY THE FDIC.
Notice to Consumers: Contact bank employees for more information.
Children Savings
| Interest Rate | APY | Compounded |
|---|---|---|
| 0.10% | 0.10% | Daily |
Minimum to avoid service charge is $5.00.
Club 50 Account
| Interest Rate | APY | Compounded |
|---|---|---|
| 0.10% | 0.10% | Monthly |
To qualify you must be 50 or over and have $5,000 in deposits. Initial minimum deposit required is $100.00
Executive Money Market
| Balance | Interest Rate | APY |
|---|---|---|
| $9,999.99 OR LESS | 0.32% | 0.32% |
| $10,000 - $49,999.99 | 0.47% | 0.47% |
| $50,000 - $99,999.99 | 0.64% | 0.64% |
| $100,000 - $149,999.99 | 0.72% | 0.72% |
| $150,000 - $199,999.99 | 0.80% | 0.80% |
| $200,000 - $499,999.99 | 0.96% | 0.96% |
| $500,000 AND OVER | 1.12% | 1.13% |
Free Kasasa Cash Back*
| Cash Back Rate | Purchase Limit | Max Reward |
|---|---|---|
| 5.00% | $200 | $10/month |
eStatements, via Online Banking, are required to open and maintain the account.
Qualifications
It's so easy to qualify, you're probably already doing it! Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash Back account during each Monthly Qualification Cycle:
- At least 1 direct deposit or ACH payment
- At least 12 debit card purchases
Even if you don't meet your qualifications during the cycle, your Kasasa Cash Back account is still free. Plus, you'll still earn our base interest rate. And you can get right back to earning your full rewards the very next month!
Free Kasasa Cash*
| Tier | Interest Rate | APY |
|---|---|---|
| 0 - $50,000 | 3.9290% | 4.00% |
| $50,000+ | 0.50% | 4.00% to 1.67% |
| Qualifications not met | 0.05% | 0.05% |
eStatements, via Online Banking, are required to open and maintain the account.
Qualifications
It's so easy to qualify, you're probably already doing it! Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle:
- At least 1 direct deposit or ACH payment
- At least 25 debit card purchases
Even if you don't meet your qualifications during the cycle, your Kasasa Cash account is still free. Plus, you'll still earn our base interest rate. And you can get right back to earning your full rewards the very next month!
Free Kasasa Saver*
| Tier | Interest Rate | APY |
|---|---|---|
| All Amounts (no cap) | 1.98% | 2.00% |
| Qualifications not met | 0.05% | 0.05% |
eStatements, via Online Banking, are required to open and maintain the account.
Qualifications
Qualifying for Kasasa Cash or Kasasa Cash Back® rewards automatically qualifies you for the highest Kasasa Saver rate too. Simply do the following activities and transactions in your Kasasa Cash or Kasasa Cash Back account each monthly qualification cycle:
Kasasa Cash
- Be enrolled and receive your monthly account statement electronically
- At least 1 direct deposit or ACH payment
- At least 25 debit card purchases
Kasasa Cash Back:
- Be enrolled and receive your monthly account statement electronically
- At least 1 direct deposit or ACH payment
- At least 12 debit card purchases
Even if you don't meet your qualifications during the cycle, your Kasasa® accounts are still free. Plus, you'll still earn our base interest rate on Kasasa Saver. And you can get right back to earning your full rewards the very next month!
Legacy Money Market
| Balance | Interest Rate | APY |
|---|---|---|
| $9,999.99 OR LESS | 0.32% | 0.32% |
| $10,000 - $49,999.99 | 0.47% | 0.47% |
| $50,000 - $99,999.99 | 0.64% | 0.64% |
| $100,000 - $149,999.99 | 0.72% | 0.72% |
| $150,000 - $199,999.99 | 0.80% | 0.80% |
| $200,000 - $499,999.99 | 0.96% | 0.96% |
| $500,000 AND OVER | 1.12% | 1.13% |
Money Market
| Balance | Interest Rate | APY |
|---|---|---|
| $0 - $3,999.99 | 0.10% | 0.10% |
| $4,000+ | 0.17% | 0.17% |
Minimum to avoid Service Charge: $500.00.
NOW Checking
| Interest Rate | APY | Compounded |
|---|---|---|
| 0.10% | 0.10% | Monthly |
Minimum to avoid service charge is $500.00.
Statement Savings
| Interest Rate | APY | Compounded |
|---|---|---|
| 0.10% | 0.10% | Daily |
Initial minimum deposit required is $50.00
Traditions High Yield Business Savings
| Balance | Rate | APY |
|---|---|---|
| $4,999.99 or less | .50% | .50% |
| $5,000.00 or more | 3.12% | 3.16% |
Minimum balance to open: $100.00.
Interest compounded and credited monthly.
eStatements are required.
Traditions High Yield Savings
| Balance | Interest Rate | APY |
|---|---|---|
| $4,999.99 or less | .50% | .50% |
| $5,000.00 or more | 3.12% | 3.16% |
Minimum balance to open: $100.00.
Interest compounded and credited monthly.
e-Statements are required.