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Business Savings

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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. 

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Standard Features

Features 
Minimum balance to open$100
Minimum daily balance$100
Monthly service charge$3, if minimum daily balance is not met
Earns interest1Yes, compounded monthly
ACTIVITY SERVICE CHARGE FEE2$10 each statement cycle exceeding 6 transactions
Electronic or paper statements No fee
Online and mobile banking3Yes
Mobile depositNo fee

 

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1Interest begins to accrue the business day we receive credit for the deposit of non-cash items (i.e. checks). Interest is compounded and paid monthly on the last day of your statement cycle. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the available balance in the account each day. The interest rate is variable and subject to change at the bank's discretion. The annual percentage yield may vary due to interest rate changes and fees. Refer to our Deposit Rates for current interest rates and annual percentage yields.

2Assessed each monthly statement cycle for activity of more than six (6) withdrawals/transfers per statement cycle.

3Message and data rates may apply.