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Business Deposit Accounts


Small Business Checking

The Small Business Checking Account is available to all types of businesses. If you maintain a minimum balance of $1,500 during the statement cycle, you will not incur a service charge. If the balance falls below $1,500, the monthly service charge is $12.00.  This account includes up to 200 items per month. If your account exceeds the 200 items, there is a $0.30 per item charge. This account requires eStatements.

Commercial Checking

Harford Bank has a checking account that offers simplified pricing and earnings credits to offset monthly account fees. The larger the balance you maintain, the more you will earn. Monthly fees include an activity service charge ($10.00) and a fee ($.30) for each item paid. The earnings credit is $.80 for each $350.00 of your minimum balance during the month.


Minimum Account Balance $4,200.00
Activity Service Charge $     10.00
40 Items Paid $     12.00
Less the Earnings Credit $      -9.60
Service Charge for the Month $     12.40

Select Checking

This interest-bearing checking account is offered to sole proprietors and non-profit organizations. If you maintain a minimum balance of $1,500 during the statement cycle, there is no monthly service charge. If you go below the $1,500, the monthly service charge will be $12.00 plus $.30 per item paid. Earnings credits are not available on this account.

Premium Commercial Checking

This is an interest-bearing account with a tiered interest rate structure, based on the balance of your account. Interest is earned on end-of-day balances of $35,000 or more. If, at any time during the month, your balance falls below $35,000, a $35.00 fee will be charged for that month. The minimum initial deposit is $35,000.

IOLTA/ MAHT Checking

Interest on Lawyers Trust Accounts (IOLTA) are interest bearing checking accounts that are available for attorneys or law firms for the purpose of temporarily holding clients’ funds. Interest is remitted as applicable to the Maryland Legal Service Corporation.

A Maryland Affordable Housing Trust Account (MAHT) is a special account that pays interest on trust accounts for title insurers, agents and approved title attorneys. Interest earned is paid to the Maryland Affordable Housing Trust.

Both of these accounts make it convenient and easy to manage clients’ escrow funds.

Commercial Money Market

Your excess funds can be put to work in our interest-bearing money market account. The rate of interest earned is based on your account balance. There are five interest rate tiers. There are withdrawal limitations (six per month) for withdrawals not made in person.

Interest Rate Tiers:

Tier 1 Up to $2,500
Tier 2 Over $2,500 – $25,000
Tier 3 Over $25,000 – $50,000
Tier 4 Over $50,000 – $100,000
Tier 5 Over $100,000

Commercial Savings

Another option for your excess funds is our interest-bearing savings account. There are no service charges on this account and it does not have a tiered interest rate structure. One interest rate is applied to your full account balance. The withdrawal limitations as noted for the money market account also apply to this account.

Certificates of Deposits

Harford Bank offers interest-bearing time deposits with terms from six months to five years. You only need $1,000 to open an account. Interest is credited and paid, as you choose. There is a penalty for withdrawing funds prior to the maturity date. Harford Bank’s “Step Up” CD’s allow a one-time change in the interest rate.

View Schedule of FeesView Interest Rates