Money Market, CD & Savings Accounts

We have a number of options to help businesses make better use of their cash, including a money market account and CDs. These can be integrated into your overall cash management system and provide you with more flexibility.

Call or visit your Hawthorn Bank to learn more.

Business Money Market

Want to earn higher interest on your extra funds, with FDIC insured safety, and still have convenient access to your money? With the Hawthorn Business Money Market, you can do just that.

  • Write up to 6 checks per month
  • Use ATM free at Hawthorn ATMs or hundreds of ULTRA ATMs
  • Free Online Banking, Mobile Banking and eStatements

Business Savings Account

This interest-bearing savings account offers easy access and multiple benefits.

  • Earn interest on your account balances
  • FDIC insured safety up to $250,000 (for deposits that exceed this amount, check out our CDARS program)
  • Free ATM use at any Hawthorn ATM or any of the hundreds of ULTRA ATMs
  • Free Online Banking, Mobile Banking and eStatements
  • Free eStatements when you opt in and maintain an active online banking enrollment. Mailed monthly paper statements are also available for $3.00/month.1
  • Minimum opening deposit: $200
  • Monthly service charge of $3.00 is waived if minimum daily balance of $200 is maintained.

CDs

Hawthorn Bank offers business owners Certificates of Deposit (CDs) with terms that range from three months all the way to five years. Each offers:

  • Competitive rates
  • Guaranteed performance
  • FDIC insured safety up to $250,000 (for deposits that exceed this amount, check out our CDARS program)

CD Ladder Caculator
Could you benefit from investing in a series of CDs with different maturities?

Certificate of Deposit Calculator
How much interest you can earn on a CD?

Call us today at 1-877-442-9846 for current rates.

Early withdrawal penalty may be assessed.

1 In order to avoid a $3.00 paper statement fee, you must enroll in online banking, opt in for eStatements and maintain an active online banking enrollment. An active online banking enrollment is maintained by logging into your online or mobile banking account at least once every 120 days. If you do not enroll in online banking, opt in for eStatements and/or maintain an active online banking account, you will automatically receive paper statements and your account will be charged $3.00 per month.

CDARS® – A service for large deposit investors

With this program large deposits can be placed by Hawthorn Bank into smaller denomination CDs at multiple institutions. This service can offer you significant benefits:

  • Safety of FDIC insurance for large deposits
  • CD interest
  • Management convenience
  • Security of working with a trusted, local source
To get started, please call or stop by.