Business Savings Account

Start on your way to bigger investments

Business Savings is a great way to start you on your way to bigger investments while providing easy, convenient access to your funds.


  • $250.00 minimum to open
  • No service charge for customers who maintain a minimum balance of $250.00. Otherwise, pay a low monthly service charge of $1.00.
  • Quarterly statements
  • Free ATM transactions at all Skowhegan Savings locations
  • No fees for up to 20 transaction items* per month, limited to 6 third party transactions. Over 20 transaction items*, pay $.12 per item.

Additional business account benefits:

Sweep Account - a fully automated cash management solution that earns maximum interest

Multiple Users - offers the ability to establish multiple IDs with customizable permissions

ACH Processing - allows you to electronically process receivables and payables

Remote Deposit - deposit checks from anywhere

Outgoing Bank Wire - provides a secure method of transferring funds

Merchant Services - credit card processing and gift cards

Payroll Services - payroll, direct deposit, withholding and auto tax pay

See Personal Banker for full product disclosure.

*Transaction items include, but are not limited to, all items posted to accounts such as checks written, checks deposited, automatic deposits and withdrawals.