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Business Savings Accounts

Just as you would for yourself, it’s good to set aside a little extra for your business as well. We can help you choose the business savings account option that will be there for you when you need it. 

Minimum Balance to Open

Monthly Fee

Transaction Fee

Statement Savings

$100.00

$3.00

Waive Monthly Fee 

If the account falls below the minimum daily balance of $300.00 any day during the month, a $1.00 per item fee will be assessed for each item in excess of three per month.*

Money Market Plus*

$10,000.00

   

$10.00

Waive Monthly Fee

$5.00 fee charged for each item in excess of six during a statement cycle.

Interest compounds daily, paid monthly. See Interest Rates for deposit tiers and corresponding annual percentage yield (APY). At our discretion, the interest rate and annual percentage yield (APY) on your account may change. If you close your account before interest is credited, you will not receive the accrued interest. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Transfers from these accounts to another account or to third parties by check, online, pre-authorized, automatic, or telephone transfer are limited to six per month.
* Minimum balance required to obtain the APY is based on flexible, tiered interest rate plans. The more you invest, the higher the annual percentage yield. If your daily balance falls within any tier, the corresponding rate will be applied to the entire balance in your account.   
Minimum daily balance to waive monthly fee is $300.00.
Minimum daily balance to waive the monthly fee is $2,500.00.
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