Save for Greater Peace of Mind
Whether your business is large or small, you have the need to save money for future expenses. Oak View National Bank offers multiple ways to save. We help you achieve peace of mind to know that when a planned or unplanned business expense comes up, you’ll be ready.
Oak View Small Business Savings
An affordable savings options for our local businesses that earns interest! Our small business savings account gives you an easily accessible place to save for business expenses while offering numerous benefits:
- FREE Online Banking
- FREE Telephone Banking
- Night Depository services
- FDIC insured up to the legal limit
The Oak View Small Business Savings account requires a $200 minimum deposit to open and a $200 average daily balance to avoid a monthly service charge of $2.00.
Stop by our offices in Warrenton, Marshall or Culpeper to open your Small Business Savings account today!
Under Federal Regulation D, savings and money market accounts are restricted to six third-party or pre-authorized transfers per statement cycle. All check withdrawals, as well as transfer withdrawals by telephone, online banking, wires or ACH, or other pre-authorized withdrawals, are included when counting the number of restricted withdrawals. Your account is monitored over a rolling 12 month period. Exceeding these federally established withdrawal limits could cause us to move your account to a checking account, which allows unlimited withdrawals. For additional information on fees and other account terms, please review our Truth in Savings disclosure and Schedule of Fees.
Oak View Certificates of Deposit
Our certificates of deposit (CDs) are great alternatives to other long-term investments to ensure your cash reserves are maximized. You maintain access to the funds if needed, and they are protected by FDIC insurance up to the legal amount unlike other investment options.
Our CDs range from 7 days to 60 months, and come with competitive fixed interest rates that are guaranteed for the life of the term. We also offer automatic renewal at maturity of your CD (with a 10-day grace period), Online Banking and Telephone Banking access to keep track of the growth of your CD.
- CDs require a minimum opening deposit of $1,000
- Partial withdrawals are available
- Interest may be withdrawn without penalty
Call or stop by our offices in Warrenton, Marshall or Culpeper today to learn more about our CDs or open your account today!
Certificate of Deposit Account Registry Service (CDARS)
If you have a large sum to invest for your business, you may be looking for a secure option that is guaranteed to grow. The CDARS program from Oak View National Bank offers security and guaranteed growth as well as convenience.
For CD deposits that are over the maximum FDIC coverage limits, CDARS is a great way to earn CD-level interest while ensuring your entire deposit is insured against loss. You get growth, convenience and security while we manage all the paperwork.
Get in touch with your Oak View National Bank office today to learn more about CDARS for your business.