Savings

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Savings

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Business savings options include:

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Business Savings Account

A limited transaction savings account for all businesses. Learn more.

  • Requires a deposit of $100 to open the account
  • Accrues interest if the minimum daily balance for the month is at least $100
  • Accounts with more than 6 debits per month will be subject to an excessive transaction fee of $6 per debit in excess of 6 per month
  • Starter kit of deposit and withdrawal slips is free with subsequent orders at regular rates
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CDs

Learn more about CDs.

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Business Money Market Account

A limited transaction savings account for all businesses. Learn more.

  • Requires a deposit of $2,500 to open the account
  • Minimum daily balance of $2,500 is required or a $10 per month balance requirement fee applies
  • Pays interest if the minimum daily balance for each day in the cycle is at least $2,500 on the following tiers:
    • $2,500 – $4,999
    • $5,000 – $9,999
    • $10,000 – $24,999
    • $25,000 – $49,999
    • $50,000 and over
  • If the daily balance for any day in the cycle is under $2,500, interest paid will be at the same rate as the Business Savings Account
  • Interest is compounded and credited to the account monthly
  • Monthly statements
  • Interest accrual begins on the first business day of the deposit
  • Accounts with more than 6 withdrawals per cycle will be subject to an excessive transaction fee of $6 per withdrawal in excess of 6 per statement
  • The first packet of starter checks is free with subsequent orders at regular rates