Business Savings

Put your excess funds to work for your future business plans.

All our business checking accounts include:

Contact Drake Bank
CONTACT A BANKER
CALL US

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 minimum daily balance is not met


Minimum Daily Balance

$50


Transaction Charge

5 free withdrawals per month, then $1 per withdrawal


Statements

  • Paired with 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 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 Business Checking Account: Monthly
  • Not Paired: Quarterly

Money Market Investor Savings

Higher-yield savings for when you can save $25,000+

LEARN MORE

Interest1

Variable rate based on the following minimum balances:

  • $0
  • $250,000
  • $1,000,000
  • $5,000,000

Monthly Fee2

$25 if minimum daily balance is not met


Minimum Daily Balance

$25,000, to avoid the monthly fee


Transaction Charge

6 free withdrawals, 3 of which may be made via check


Statements

Monthly

Get the Most Out of Your Banking Relationship

BUSINESS CHECKING

Variety of account options to fit your needs, activity, and volume.

LEARN MORE

BUSINESS
LENDING

We’ve got many lending options: conventional, SBA, lines, & credit cards.

LEARN MORE

CASH MANAGEMENT

Add on solutions to make managing your cash flow safe and straightforward.

LEARN MORE

MEET OUR
TEAM

We build authentic relationships to get to know you and your goals.

LEARN MORE

All business savings accounts require a $100 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.

BUSINESS DOESN’T STOP. GET STARTED TODAY.

CONTACT US