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Checking & Money Markets

Checking

The Bank of Brodhead can help meet the financial needs of your business whether you're a sole proprietor or corporation. Business checking service charges are determined by the balance and activity of each account on a monthly basis. No charge is assessed if an average monthly balance of $3,000.00 is maintained. Stop in and see one of our Customer Service Representatives to discuss your business checking needs.


Safe Money Market

Our money market account lets you earn a higher rate of interest with the convenience of writing a check.

  • Minimum balance of $1,000.00
  • If balance falls below the $1,000.00 minimum, a $10.00 service charge will be assessed
  • Tiered interest rates compounded weekly
  • Limited to 6 withdrawals per statement cycle
  • A $2.00 charge for each withdrawal over 6 per statement cycle


Business IRAs

The Bank of Brodhead offers SEP Accounts (Simplified Employee Pension) that fill basic employer needs. If you are self-employed and the idea of a plan that is extremely simple to establish and operate attracts you, then a simplified employee pension (SEP) may be the plan for your business. 

The Bank of Brodhead has two types of SEP investments: 

  • Fixed Rate savings account
  • Variable Rate savings account

Establishing a SEP depends on many business factors. We recommend that you consult with your attorney or tax advisor before opening a Simplified Employee Pension account.