Business Savings
Make saving easy with our Business Savings account. This account is a great tool to earmark funds for future expenses by separating them from your checking account.
Standard Features
| Features | |
|---|---|
| Minimum balance to open | $100 |
| Minimum daily balance | $100 |
| Monthly service charge | $3, if minimum daily balance is not met |
| Earns interest1,2 | Yes, compounded monthly |
| Withdrawal/transfer availability3 | 6 no fee (none by check), then $10 per statement cycle |
| Electronic or paper statements | No fee |
| Online and mobile banking | No fee, message and data rates may apply |
| Mobile deposit | No fee |
1Daily Balance Method used to calculate interest on account. This method applies a daily periodic rate to the principal balance in the account each day.
2Interest rates are variable and subject to change at the bank’s discretion at any time. The annual percentage yield may vary due to the interest rate changes and fees. Please refer to our Deposit Rates for current interest rates and annual percentage yields.
3Transfers from these accounts to another account or to a third party by preauthorized, automatic, online or telephone transfer, by check or similar order are limited to six per calendar month. If these transaction limitations are exceeded three times in a 12-month period, the account will be closed or converted to another type of transaction account allowing unlimited third-party transfers.