Business Savings

Choose one of our convenient and flexible savings options to help you reach your business goals!

• Regular and Business Savings Accounts 
• Wall Street Money Market 
• Health Savings Accounts 

Regular and Business Savings Accounts

• Minimum opening deposit is $50
• Up to six pre-authorized transfers and/or withdrawals, and no more than three of the six may be payable to third parties
• Unlimited deposits
• Interest is compounded daily and credited on the last day of the calendar quarter
• No monthly service charge with an automatic monthly transfer of $25 or more from an NVB checking account or a minimum balance of $300; otherwise, only $2.00 per month

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Wall Street Money Market

Earn interest based on balances of:

$0-$24,999
$25,000-$49,999
$50,000-$99,999
$100,000-$249,999
$250,000-$499,999
$500,000+

• Minimum opening deposit is $1,500
• Unlimited deposits
• Up to six pre-authorized transfers and/or withdrawals, and no more than three of the six may be payable to third parties
• Variable interest rate
• Monthly minimum balance service charge of only $8.00 if the daily balance drops below $1,500 any day of the month

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Health Savings Accounts

Business Benefits

Controlling the rising costs of health insurance is a top priority for business owners today!  Every year, more employers turn to qualified High Deductible Health Plans (HDHP)* as a lower-cost alternative to traditional health insurance.

By establishing a Health Savings Account in conjunction with an HDHP for your company, you will:

• Increase your ability to attract and retain employees
• Lower healthcare premiums.  The high deductible health plans that go along with HSAs can lower premiums as much as 25% a year!
• Lower your overall health insurance costs
• Enjoy potential tax advantages**.  Employer contributions to HSAs are not subject to withholding of FICA or FUTA and are deductible by you.

Empower Your Employees

When you establish an HSA program in conjunction with an HDHP, you'll empower your employees to take control of their healthcare expenses.  A Health Savings Account (HSA) is a savings account that works much like an IRA - except the money is intended for qualified health care costs.  The decision is theirs whether to pay for current health expenses or save for future qualified medical expenses on a tax-free** basis.

Why Choose North Valley Bank for your HSA?

• Only $50.00 opening balance required
• No set-up or annual fees
• Competitive interest rates on balances up to $1,000, $5,000 and $5,000+
• Enjoy the convenience of our NVB HSA VISA Debit Card for payment of qualified services to any healthcare provider who accepts VISA, or access cash from your account by using your HSA VISA Debit Card at any NVB ATM!
• Write a check for qualified medical expenses from your HSA with our special HSA checks - we will pay for your first order! (quantity of 50)
• Trained professionals to answer all your questions

Stop in or call us to discuss how an HSA can benefit you!

Download an HSA brochure for your business. 

Apply Now!  (Print, fill out and bring to a branch).

Ask us today!  Visit a branch or call our Business Services Department at 530-226-2933 or toll-free at 1-866-869-MORE (6673).

*HDHPs are provided by a third-party company not affiliated with North Valley Bank.  Your insurance agent will help you find the HDHP that's best for you.  Insurance products are not deposits, not FDIC insured, not insured by any government agency, not guaranteed by the lender and may do down in value.

** Consult your tax advisor for more details.

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