When business surplus funds are available Magna Bank has a savings account that works as hard as your employees.

Open any Magna business savings account and receive the following business savings benefits at no additional cost:

• Interest earned on ALL collected balances.
• Free unlimited visits to the teller.
• No-fee ATM card, for deposits only.
• No-charge ATM deposit at any Magna ATM.
• Automated 24-Hour Banking By Phone, 7 days per week.
• Free Online Banking.

The following savings products are designed to meet business needs:

Business Savings

A starter savings for businesses. Enjoy all of our business savings benefits.

• Minimum opening balance of $200.
• No service charge with a $200 minimum daily balance; otherwise, $5/quarter.

High Yield Business Money Markets

A competitively priced savings account that pays higher interest for more money on deposit, and gives easy access to your funds.
Enjoy all of Magna's business savings benefits.

• Minimum opening balance of $2,500.
• Earn higher rates for larger balances.
• Write up to 3 (three) checks per month.
• No service charge with a $2,500 minimum daily balance; otherwise, $5/month.

For High Yield Savings Accounts, regulations allow up to 6 (six) preauthorized transactions per month, of which no more than 3 (three) can be checks to third parties.

To apply for a Magna ATM or VISA® Debit Card, please call us at 901.259.5400 or 800.517.3455. Or visit any of our Bank Branches. See Locations

New account opening and identification rules apply. Account disclosures are available upon request.