Personal Banking
We get personal when it comes to your financial success! Learn More
Business Savings Accounts
Morris Bank is always the smart choice in business banking with interest-earning business savings account choices to help you manage your profits. They’re all part of a larger package of business services that keep your business success in mind.
BLUE Business Money Market
The right choice for your business with these special features:
- Minimum deposit to open is $10,000.
- Minimum daily balance to obtain the annual percentage yield - $10,000.
- Four withdrawals per month - $3.00
- Tiered variable rate information equal to or greater than the following daily balances:
Certificates of Deposit (CDs)
By depositing your money into a CD for a specific length of time, called a "term", you lock in a specified interest rate. The longer your term, the higher your rate of interest return will be. Morris Bank offers a guaranteed fixed interest rate on a wide variety of terms.
Learn MoreIRA Deposits
Get more from Morris!
Make the most of your retirement savings by putting them in a Morris IRA.
Enjoy the highest rates possible along with traditional and Roth IRA tax benefits for those who qualify.
Learn MoreBeneficial Ownership Information
Your business relationship is important to us. Our goal is to make the business account-opening process an efficient and enjoyable experience for you. Effective May 11, 2018, all financial institutions will be subject to new rules under the Bank Secrecy Act that will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats.
EACH time an account is opened for a covered Legal Entity, we will be required to ask you for identifying information (name, address, date of birth, social security number), as well as identification documentation for:
- EACH individual that has 25% or more Beneficial Ownership in the Legal Entity; and,
- ONE individual that has Significant Managerial Control of the Legal Entity.If you are opening an account on behalf of a Legal Entity, you will be required to provide appropriate documentation and to Certify that this information is true and accurate to the best of your knowledge.
If you are opening an account on behalf of a Legal Entity, you will be required to provide appropriate documentation and to Certify that this information is true and accurate to the best of your knowledge.
In order to make this process as efficient as possible, we suggest that you obtain the above, bulleted information, along with [a copy of the current Driver’s License] for EACH identified individual. If your business will frequently be opening new accounts/loans, please keep this information current and available to present EACH time you come in to establish a new account. If you have any questions please don’t hesitate to contact us.
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