Personal Business Online Services About Us LOGIN Login to my Select Account Personal Banking Business Banking LOGIN Enroll Forgot Password Business Accounts The success of your business is important to us and we want to make managing your money easy. All checking accounts include the following features: Online Banking Mobile Banking Mobile Deposit eStatements Business Checking & Savings Business Checking No minimum deposit to open Bank of DeSoto Debit Card Fees Type Fee Monthly maintenance charge $10.00 Monthly activity charges Per check paid $0.15 Per item deposited $0.10 Per deposit $0.20 Monthly Earning Credit These charges will be offset by an Earnings Credit calculated by multiplying average daily collected balance, less legal reserves, times an Earnings Credit Rate (ECR based on a 90-day projected T-Bill Rate). Savings No minimum deposit to open Fees Daily Balance Monthly Fee $100.00 or more No Fee $99.99 or less $1.00 Additional Fees Withdrawals One free, $1.00 fee per withdrawal thereafter Interest is accrued daily at the Bank of DeSoto current rate, paid quarterly. Commercial Now Account* $1,500.00 minimum deposit to open Unlimited withdrawals Bank of DeSoto Debit Card Fees Daily Balance Monthly Fee $1,500.00 or more No Fee $1,499.99 or less $1.00 Additional Fees Withdrawals One free, $1.00 fee per withdrawal thereafter *Now Accounts are offered as Commercial Accounts only if they are a Non-Profit or Sole-Proprietor. Interest paid monthly at the current Bank of DeSoto rate. Below $1,500, no interest paid. Money Market & CDs Money Market $2,500.00 minimum deposit to open Fees Daily Balance Monthly Fee $2,500.00 or more No Fee $2,499.99 or less $10.00 Additional Fees Withdrawals Three free checks per statement cycle, $10.00 fee per withdrawal thereafter Interest paid monthly at the Bank of DeSoto current rate, below $1,500.00 no interest is paid. Certificate of Deposit $2,500.00 minimum deposit to open Available from 1 month to 60 months Interest available by compounding or by check Convenient automatic renewal option Bank of DeSoto's interest rates on CDs fluctuate with current market conditions. CDs may be written to mature on any date. Please ask our New Account Reps to quote Bank of DeSoto's rate for the desired maturity. Federal Regulations require substantial penalty for early withdrawal. Federal Regulations require substantial penalty for early withdrawal. Have Questions? Contact New Accounts today for additional information on our Business Accounts. CONTACT US Location & Hours Card Services Mobile Banking Online Banking Get In Touch CONTACT US LOCATION & HOURS LOST OR STOLEN CARD Card Services CARD SECURE MOBILE WALLETS CARD SECURITY Take the Next Step BUY A HOME START A BUSINESS SAVE FOR THE FUTURE Helpful Information PRIVACY POLICY FRAUD PREVENTION FDIC COVERAGE Copyright © 2021 Bank of DeSoto. All Rights Reserved. Federal Deposit Insurance Corporation Equal Housing Lender Back to Top