Business Savings & CDs

PREMIER Money Market

Maximize available cash and earn higher interest on higher balances.

Regular Savings

Build savings with interest for later use or investment.

Certificate of Deposit

Lock in a great rate on a shorter or longer term certificates of deposit.

PREMIER Money Market Savings

  • Maximize available cash in an FDIC-insured environment
  • Earn tiered variable interest1
  • Opening minimum deposit of $500
  • No minimum balance required 
  • Write checks from your account2
  • Transfer or withdraw funds with ease2 
  • Available Overdraft Protection for First PREMIER Checking3


More Savings Options

Business Savings

Build savings and keep available funds within reach by placing residual cash into this FDIC-insured, interest-bearing savings account.

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Certificates of Deposit (CD)

For longer-term savings, lock in a competitive rate on FDIC-insured CDs and guarantee your rate of return.

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Frequently Asked Questions

How do I apply for a business checking or savings account?

For your security, a Business account must be opened at a First PREMIER Bank location.

What information do I need to open a new business account?

If you plan to open a new account, please provide your Name, Address, Date of Birth, Social Security Number, and copy of a valid government photo ID, as well as corporate documents and bring them with you to the bank. You may also provide the information ahead of time and set up an appointment with a banker.

Why Bank with First PREMIER?

As a debt-free, privately owned $1.8 billion bank, First PREMIER is one of the strongest capitalized banks in the country. We ranked 17th in the nation for banks with more than $1 billion in assets by American Banker Magazine. We are consistently ranked as a top-performing banks for asset size by the American Banking Association's Banking Journal.

Our integrated business model bridges business banking with our treasury and asset management teams. We work together to provide market-leading banking, lending and treasury services solutions that are "right-sized" for business needs and flexible to scale for future growth.

Our bankers take the time to learn about you. Once they understand your business goals, they will help you find the banking products and financial solutions that fit your needs today, and support you as your business grows.

Our secure Online and Mobile Banking gives you 24/7 access over your accounts with multi-tiered security and administrative control. Enjoy great features including eStatements, Bill Pay, account alerts & notifications, debit card lock and unlock, administrative controls and more! Our Debit Mastercard® and Business Rewards Mastercard® credit cards also work with mobile wallet technology. Best of all, First PREMIER Business Online and Mobile Banking are FREE of charge to First PREMIER Banking customers.

We serve local, regional and national clients with pride. First PREMIER is the 10th largest ACH Originating Bank in the USA and the 12th largest issuer of Mastercard® in the country. We are also honored to have served as the bank for the State of South Dakota for over 20 years, as well as the bank for the City of Sioux Falls for over 10 years.

We serve our local, regional and national clients with pride and personal customer care. We are active supporters of more than 600 charities and non-profits. Last year alone, our associates contributed over 32,000 hours of community service. We also take care of our employees. From 2015-2017, we were ranked as one of the Best Banks to Work For by American Banker and Best Companies Group.

Get Started Today

Whether you’re starting from scratch or transferring your account, our Business Bankers can help you select a checking account to support your business needs.

Ensure Funds are in Place to Cover Transactions

First PREMIER Bank

Overdraft Protection

Use your First PREMIER Bank Business Savings, Money Market, or credit line to protect your business checking account from overdraft3. It’s a great way to make sure funds are in place to cover transactions and avoid expensive overdraft charges.

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More Savings Options

Treasury Services

Manage cash, integrate receivables, manage payables and disbursements with our turnkey suite of services.

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Business Online Banking

24/7 account access and control with FREE eStatements, Bill Pay, Debit Card lock/unlock and more.

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DISCLOSURES

{1} At our discretion, we may change the interest rate daily. Interest is calculated using the daily balance method. Interest is compounded monthly and credited monthly.

{2} Savings withdrawals are generally limited to six per month. You may make an unlimited number of withdrawals when made in person, by mail or at an automated teller machine (ATM). If the monthly withdrawal limit is exceeded, a fee of $1 for each excess withdrawal will be assessed. Fees can reduce earnings on the account. 

{3} Overdraft Protection: A $12 Overdraft Protection Transfer Fee may be assessed every time the bank automatically transfers the available funds from First PREMIER Money Market and Business Savings Accounts. This fee does not apply to any manual transfer, completed online, in person or by calling Customer Care. There is no limit on the total fees we can charge you for overdrawing your account.