People expect a lot from you. You can expect a lot from us.
AbbyBank offers banking products and services designed for public entities like municipalities and public schools. With our special rates, tailored accounts and efficient money management solutions, municipal and school officials will save their organization time and money.
But wait, there's more – we also offer on-site customer service from our dedicated team. So, don't hesitate to reach out when you need a hand!
Public Fund Checking
Responsible use of taxpayer funds starts with exceptional day-to-day money management. Our fee-free checking option includes eBanking and Bill Pay. Those high-performance tools can help streamline operations, reduce staff workload, and trim postage and check-processing costs.
- No monthly service fees.1
- No minimum balance required.
- Earn competitive interest on all deposits.
- Tiered rate system for public entities means that bigger balances can produce higher earnings.2
- No check-writing or paper statement fee.
- Unlimited monthly transactions.
- eBanking and Bill Pay.
- Mobile Banking and mobile check deposit.
Public Fund Savings
From funding cutbacks to emergency repairs to rising supply costs, public officials know that a financial challenge could be right around the corner. One good way to prepare for any uncertainty is to deposit reserve funds into an interest-bearing account where they are immediately accessible to address any situation.
- No monthly service fee.
- No minimum to open.
- No minimum balance requirements.
- Earns interest on balances of $10,000 or more.2
- Tiered rate system for public entities means that bigger balances can produce higher earnings.2
- Competitive interest rates.
Public Fund Certificates of Deposit (CDs)
As a public official, your efforts to improve services and facilities over the long run requires a funding plan to fit your goals. Returns generated by Certificates of Deposit are a safe, secure way to enhance your financial resources.
- Save for 6, 12, 18, 24, or 36 months.3
- $10,000 minimum opening deposit.
- Competitive interest rates.
- Typically, CDs out-earn most traditional savings accounts.3
- In general, longer term CDs pay higher rates.
- Automatically renewable for maximum convenience.
Multi-Million Dollar FDIC Insurance
Public entities often carry large cash balances. The best way to protect deposits that exceed FDIC limits is through Insured Cash Sweeps (ICS) or the Certificate of Deposit Account Registry Service (CDARS).
- Thousands of banks and other financial institutions across the U.S. participate in the ICS and CDARS networks.
- These networks disperse checking and savings deposits (ICS) and CD deposits (CDARS) across multiple qualified banks to guarantee that all of your funds are insured.
- AbbyBank participates in both networks. You can continue to do business exclusively with us and we'll handle the ICS and CDARs distributions.
- For more information, contact one of our banking professionals.
Cash Management Services
Whether you're in charge of educating students, fixing roads, or ensuring public safety, there are a lot of moving parts to your job. When it comes to your finances, there's just as much going on. At AbbyBank, we can assist you with efficient cash management4 so you can focus on the core mission of your position.
- Layers of fraud protection to help mitigate the risk of external and internal fraud.
- Remote Deposit to checks from your office, anytime.
- Payment Solutions (Merchant Services) for credit card processing.
- Sweeps to move funds automatically between accounts.5
- ACH Origination for electronic collection of utility payments and direct deposit of payroll.
- CommUNITY Credit Card4 designed for municipalities with great options for managing cash flow and expenses.
- Prepaid debit cards for employee expense reimbursement.
Explore Our Comprehensive Cash Management Services
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AbbyBank is a full-service financial institution with Wisconsin locations in Abbotsford, Appleton, Gresham, Medford, Shawano, Wausau, Weston and Withee.
1Account analysis and fees may apply to large volume/low balance accounts.
2Interest compounded daily
3Interest compounded daily. Penalties apply for early withdrawal.
4Subject to approval
5Certain account types have transaction limitations; please speak to a Business Banker to determine whether transaction limitations apply.