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Blue Grass Savings Bank

Business Banking Accounts

Business Checking

  • $100.00 Minimum to open
  • No Service Charge
  • No Minimum Balance
  • Non Interest Bearing
  • Monthly statement with images
  • Debit Card available

Money Market

To open a Money Market Account you must deposit $1000

  • $5 monthly fee charged if the daily balance falls below $750.
  • Your interest rate and annual percentage yield may change. We may change the interest rate on your account daily.
  • You may make six (6) preauthorized, automatic, or telephone transfers monthly from your account. Interest begins to accrue on the business day you deposit noncash items (for example, checks).
    1. Telephone Transfers (including transfers initiated by a Telebank service).
    2. Debit Card/Point of Sale
    3. Checks (limited to checks payable to Third Parties)
    4. ACH
    5. Sweeps (debits to cover an overdraft or low balance in a different account).
    6. PC Banking (Bank services obtainable through home or business computers).
  • Interest is accrued daily and credited and compounded monthly at the end of your statement period. If you close your account before interest is credited, you will receive the accrued interest. We use the daily balances method to calculate interest and fees on your account. This method applies a periodic rate to the daily balance in the account for the period.
  • Interest Rate Tiers
    • 0 - $24,999
    • $25,000 - $49,999
    • $50,000 - $99,999
    • $100,000 – and up