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Business Savings
Beneficial Ownership? The beneficial ownership rule makes it mandatory for all financial institutions to comply by identifying the ultimate beneficial owner(s) and a controlling person of a legal entity customer opening or maintaining an account. You need to complete this form whenever you open a new business account with us.
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| Services | Features | Benefits | Fees |
|---|---|---|---|
| Business Savings | Earn interest on deposits which are not withdrawn for a period of time. The account is often used as a means of building savings for future use. |
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| Certificate of Deposit | Certificate of deposits are typically used by businesses who wish to earn interest on deposits for a term. |
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| Safe Deposit Boxes | Option for safekeeping records and other valuables. Only available at Santa Rosa Main branch. |
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Nonprofit Partner Program:
Designed for 501(c) tax-exempt organizations to enhance fundraising efforts and maximize organization’s money.
Non-interest bearing operating accounts: Earn 0.95% on non-interest bearing operating accounts. Analyzed business accounts are included. For example, a $100,000 average Summit account balance would receive a $950 annual contribution.
Interest-bearing accounts: Earn 0.25% on your interest-bearing Summit savings, money market and demand deposit accounts. For example, a $100,000 average Summit account balance would receive a $250 annual contribution.
Insured Cash Sweep (ICS): Earn 0.65% on non-interest bearing operating account or 0.15% for an interest-bearing account.
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Routing Number: 321181307
NMLS ID: 451741
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Summit State Bank will never phone, text or email you to request private information such as account number, social security number, card number, or password. Do not respond to requests for such information.
When logging in, you may be prompted to use a one-time code, in addition to your username and password. This code will be communicated to you through either an automated voice call or a text message.
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Summit State Bank will never phone, text or email you to request private information such as account number, social security number, card number, or password. Do not respond to requests for such information.
When logging in, you may be prompted to use a one-time code, in addition to your username and password. This code will be communicated to you through either an automated voice call or a text message.