Bedford Federal Savings Bank
Business Banking
Deposit Products

Business Deposit Products

Your deposits are insured to $100,000 by the FDIC

Business Checking Accounts

We are currently revising our commercial accounts to better serve your needs, please call or come in and visit us for current information.

Business MMDA (Money Market Deposit Account)

This account combines a Savings account and a Checking account. It provides a highly competitive rate of interest with limited check writing ability.

  • Minimum balance of $1,000.00 to avoid $10.00 per statement cycle service charge
  • Only 3 withdrawals by check per statement cycle
  • Earn tiered interest on your balance-the higher the balance, the higher the rate.
  • Competitive interest rates.

Business Certificates of Deposits

Our certificates of deposits offer a wide range of a competitive terms and rates to choose from.

  • $1,000.00 minimum to open
  • Maturities ranging from 3 months to 5 years
  • Substantial penalty for early withdrawal
  • Competitive interest rates.