We all know it’s smart to save for a rainy day (and we certainly see our fair share of those around the Northwest). Kitsap Bank is here to help you select a business savings account to best prepare for your company’s future.

Business Savings Accounts

Statement Savings*

$100 minimum balance to open

$3 monthly fee
Minimum daily balance to waive monthly fee is $300. Also waived if a minor's account, or combined checking account.

Free single user online banking

Money Market Plus**

$5,000.00 minimum balance to open

$10.00 monthly fee
Minimum daily balance to waive monthly fee is $2,500

Flexible, tiered interest rate plan

Free single user online banking

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). 

* If account falls below 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 (3) 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.

Questions about your FDIC deposit coverage? Our bankers are happy to discuss your coverage with you. You can also use this FDIC calculator to determine your coverage at any Member FDIC bank.