Compare Savings Options for Small Businesses

Whether you are looking to make the most of short-term capital or are planning for a future purchase or expansion, ESL has the savings option for you.

 
Description
Minimum Average
Balance Fee
Rate Type
Term
Minimum Opening Deposit
Check Writing Capabilities
Dividend Payment Options
Access to View Balances
Owners' Dividend* Eligible

Savings

Open Now
Description

A savings account that can be used for any purpose without a monthly fee.

Account automatically opened with each membership.

Monthly Fee

No

Rate Type

Variable

Term

N/A

Minimum Opening Deposit
$1
Check Writing Capabilities

No

Dividend Payment Options
  • Paid monthly to account
Access to View Balances

Business Online Banking

Owners' Dividend Eligible

Yes

Open Now

Money Maker

Open Now
Description

Manage your money, maintain access to your funds, and earn competitive rates.

Monthly Fee

$7.00 — waived with monthly average balance of $2,500

Rate Type

Variable

Term

N/A

Minimum Opening Deposit
$2,500
Check Writing Capabilities

Yes

Dividend Payment Options
  • Paid monthly to account
Access to View Balances

Business Online Banking

Owners' Dividend Eligible

Yes

Open Now

Certificates

Open Now
Description

Competitive dividend rates for fixed savings terms.

Monthly Fee

No

Rate Type

Fixed and Variable Options

Term

7 days to 10 years

Minimum Opening Deposit
  • $1,000 for 60-day to 10-year terms
  • $5,000 for 7-day to 31-day terms
Check Writing Capabilities

No

Dividend Payment Options
  • Reinvested, paid into the ESL account of your choice or sent to you via check
  • Withdraw paid dividends at any time without a penalty
Access to View Balances

Business Online Banking

Owners' Dividend Eligible

Yes

Open Now