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As an independent neighborhood bank, Martha’s Vineyard Savings Bank offers a
wide range of services for both small and large businesses. When it comes to
business services, choosing a local bank like Martha’s Vineyard Savings Bank
means your deposits stay on Island and can be used to make loans back to the
community. All decisions regarding your accounts are made on Island and that
means a quick response to your financial needs. We offer a full range of
deposit, loan, and investment services with eight convenient locations across
the Island. We are committed to knowing your business, your goals, and, most
importantly, your name.
Checking
Smart Business Checking Account
At Martha’s Vineyard Savings Bank we take particular pride in serving our
business customers and have tailored this account to be economical and simple
for Island Businesses. Whether you have a year-round or seasonal business, this
affordable account will work for you.
The Smart Business Checking Account includes these benefits:
- No annual fee
- ATM or debit card
- Free online banking
- Free telephone banking
- Optional overdraft protection services
Savings
Business Statement Savings Account
This account offers a convenient way to save, competitive interest rates,
monthly statements, and easy access to your money.
The Business Statement Savings Account includes these benefits:
- No annual fee
- ATM card
- Free online banking
- Free telephone banking
Business Money Market Account
With this convenient interest-bearing account, you’ll get our competitive tiered
rates that rise with your balance, plus easy access to your money. You can make
an unlimited number of withdrawals at ATMs or branches.
The Business Money Market Account includes these benefits:
- No annual fee\ATM card
- Free online banking
- Free telephone banking
- Competitive tiered interest rates
- Free money market checks
- Optional overdraft protection services
Other Services
Merchant Card Services
We offer customized payment-processing solutions that help you serve your
customers with speed and accuracy while enhancing your efficiency and
productivity. Let us help you design a program that meets your needs now, but is
flexible enough to grow as your business grows.
We will customize a program to accept major credit cards, including:
- Visa®
- MasterCard®
- American Express®
- Discover®
You can manage your business through E-Merchant View, our online reporting tool.
You’ll be able to monitor transactions, reconcile batches and view statements
all via the Internet.
Government Banking
The Martha’s Vineyard Savings Bank Government Banking Account is a premium
interest-bearing checking account designed especially for municipalities, school
districts, housing authorities, unions, retirement boards, and other state and
local government entities. Unlike other banks, Martha’s Vineyard Savings Bank is
offering its Government Banking Account free of service charges when the
account’s daily minimum balance is greater than $200.
This account is a required component of any Government Banking solution, and
offers unlimited check-writing capability, a favorable interest rate on excess
balances, and a next-day availability schedule.
For more information on any of these products and services, please contact you
local branch representative or give us a call at 1-508-627-4266.
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