The Best Business Savings Accounts

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your business save more money.

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MF Saving

Easy Access

Statement Savings

This interest-bearing savings account is ideal for convenient, quick access to your money when you need it. 

You can use your savings account for overdraft protection of your checking account. 

MF Health

Healthcare

Health Savings Account (HSA)

Offering an employer sponsored HSA as part of your benefits package can help make your business more attractive to potential employees and retain your current employees. 

This account has tax benefits for employers and employees. It's easy to set up, and convenient to use. 

MF Grow

Short-Term Investment

Certificate of Deposit (CD)

CDs are an easy, flexible way to invest your money for the short-term, whether you're talking 3 months or 5 years.

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Frequently Asked Questions

What do I need to open a business savings account?

The documents required to open a business savings account depend on the classification of the business.

All of our accounts require two valid forms of identification for each owner, partner, managing member, or authorized signer on the account. 

Here's some of the documents you will need to open your account:

Sole Proprietorship

  • Social Security or EIN Number
  • Sole Proprietorship Resolution of Authority
  • Assumed Name Certificate (if applicable)

Limited Liability Company (LLC)

  • EIN Number (Single-member LLC may use SSN)
  • LLC Authorization Resolution
  • Articles Stamped "Filed'" or Certificate of Existence
  • Operating Agreement (should state who is authorized to open the account, usually the managing member)

Corporate Accounts: Non-Profit, For-Profit, Government Entity

  • EIN Number
  • Corporate Resolution
  • Certified copy of Articles of Incorporation or Certificate of Existence
  • Certificate of Good Standing, address and date of birth on all authorized signers

Club or Civic Organization

  • EIN Number
  • Resolution of Lodge, Association, or other similar organization
  • Bylaws or similar document outlining the purpose of the organization

If you have questions regarding your necessary documentation, any of our new account representatives will be happy to assist.