Business Savings Accounts
Savings accounts are available for Business entities. The account requires a minimum opening deposit of $100.00. This account is an interest bearing account with limitations on withdrawals to avoid transactions fees. Stop by or call and speak to a Customer Service Representative for more details.
Business Certificates of Deposits
South Louisiana Bank offers a variety of C.D. terms ranging from 14 days to 5 years.
The interest rate, annual percentage yield and early closure fee will be determined by the term selected. The minimum deposit for a 14 and 30 day C.D. term is $10,000.00. The minimum deposit for a CD with a term of 60 days or greater is $1,000.00. Stop by or call and speak to a Customer Service Representative for more details.
Commercial Money Market Account
SLB offers a money market account that provides a competitive rate of interest while allowing immediate access to your funds. It normally pays a higher rate of interest than the NOW account. Interest is accrued on a daily collected balance and is credited and compounded monthly.
- Minimum opening balance $5000.00
- Monthly service charge of $10.00 if the balance falls below the $5000.00 minimum
- Minimum balance to avoid service charge $5000.00
Transaction limitations are set by federal regulations. You are limited to 6 transfers per month to another account with us or to a third party by means of a pre-authorized, automatic, or telephone arrangement. Withdrawals in person are unlimited.