Compare business savings accounts
| Features | Business Savings | Business Money Market |
|---|---|---|
| Minimum opening balance | $100 | $2,500 |
| Minimum daily balance | $100 | $2,500 |
| Monthly service charge | $3, if account falls below daily minimum balance | $10, if account falls below daily minimum balance4 |
| Earns interest1 | Yes – compounded monthly | Yes – tiered and compounded monthly |
| ACTIVITY SERVICE CHARGE FEE2 | $10 each statement cycle exceeding 6 transactions | $10 each statement cycle exceeding 6 transactions4 |
| Electronic or paper statements | No fee | No fee |
| Activity fee | No fee | No fee |
| Online and mobile banking3 | Yes | Yes |
| Mobile deposit | Yes | Yes |
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.
4Iowa state sales tax may apply for accounts maintained in Iowa.