Business Savings
Account options that help reach your business goals.
Our business savings accounts include:
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Business Savings Account Options
Basic Business Savings
Best for companies with smaller balances
Interest1
Paid when the minimum daily balance is met
Monthly Fee2
$5 if the minimum daily balance is not met
Minimum Daily Balance
$50
Transaction Charge
5 free withdrawals per month, then $1 per withdrawal
Statements
- Paired with a Business Checking Account: Monthly
- Not Paired: Quarterly
Preferred Business Savings
Best for companies with larger balances
Interest1
Variable rate based on the following minimum balances:
- $1,000
- $10,000
- $25,000
Monthly Fee2
$10 if the minimum daily balance is not met
Minimum Daily Balance
$1,000
Transaction Charge
5 free withdrawals per month, then $1 per withdrawal
Statements
- Paired with a Business Checking Account: Monthly
- Not Paired: Quarterly
Money Market Accounts
Investor Savings
Higher-yield savings for when you can save $25,000+
Interest1
Variable rate based on the following minimum balances:
- $0
- $25,000
- $100,000
- $250,000
- $1,000,000
- $5,000,000
Monthly Fee2
$25 if the minimum daily balance is not met
Minimum Daily Balance
$25,000 to avoid the monthly fee
Transaction Charge
6 free transfers or pre-authorized withdrawals per month, 3 of which may be made via check
Statements
Monthly
Certificate of Deposit Accounts
Certificates3
Term accounts with competitive rates and guaranteed interest
Interest
Fixed-rate based on the following account terms:
• 91 Day
• 182 Day
• 9 Months
• 12 Months
• 18 Months
• 24 Months
• 36 Months
• 48 Months
• 60 Months
Monthly Fee2
None
Minimum Balance
$500 minimum is required to open an account
Our Expertise
All business savings accounts require a $100 opening balance. CD accounts require a $500 opening balance.
1 Interest will be compounded and paid monthly based on the daily collected balance. Refer to our deposit account rates for current rate information. At our discretion, interest may change daily. Interest begins to accrue no later than the business day we receive credit for the deposit of checks.
2 Other charges may apply to these accounts; see separate miscellaneous fee schedule.
3 Additional account qualifications and requirements may apply. A withdrawal of interest prior to maturity will reduce earnings. Interest rates on CDs are fixed rates and are paid for the term of the deposit until maturity. Additional deposits before maturity are not permitted except for the IRA CD, which allows additional deposits of a minimum of $50.00. Penalty for early withdrawal may apply. Please refer to your CD for additional terms and conditions that may apply.