As a business owner, you understand the importance of ensuring financial stability for your organization. When you open a business savings account at Ocean Online ®, you are establishing a safe place where your reserves can flourish. Plus, deposits are reinvested in the community to promote economic strength.
Designed for businesses that want to build a savings fund, this account ensures cash reserves are readily accessible.
With this savings option, businesses that maintain higher account balances are rewarded with a higher rate of interest.
If you are looking to maximize money and grow you business’ cash reserve, CDs are available for various terms at competitive rates.
Combat rising healthcare costs with a Health Savings Account (HSA). Designed exclusively for covering medical expenses, HSAs can provide significant tax benefits to eligible individuals. HSA contributions made by an employer or employee are excluded from income. HSA earnings are tax-deferred and HSA assets are not taxed if used for qualified medical expenses. Unused HSA assets may be used for retirement; however, they will be subject to a 20% penalty until the HSA beneficiary turns 65. If the funds are not used for medical expenses, they will be subject to income taxes.
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Investment and Insurance products and services including annuities are:
FDIC Insured • May Retain Value • Bank Guaranteed • Insured by any Federal Government Agency
Ocean Online and Investments and their representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.
For Ocean Online & Investments:
Investment and insurance products and services including annuities are available through Ocean Online & Investments, the marketing name for Ocean Online & Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of Ocean Online & Investments and affiliate of Ocean Online & Investments.
Mortgage, home equity and credit products are offered by Ocean Online and Investment.