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Business Savings Accounts

Home For Your Business Savings Accounts

Save For Your Business's Future

It’s always best to be prepared for the unexpected, especially in business. A large part of this is saving money for future expenses, planned or unplanned. We offer multiple ways for your business to save and grow your deposits over time.

Compare our savings account options to find the best way to save for your business.

 

ProductBusiness SavingsBusiness Money MarketBusiness CD
Minimum Opening Deposit

$100.00

$2,500.00

$500.001
$5,000.001
$50,000.001

Service charge2

A fee of $4 will be charged if your average daily balance falls below $100 per statement cycle

$1.00 service charge for each additional withdrawal after 10 per statement cycle.

A fee of $10 will be charged if your average daily balance falls below $2500 per statement cycle

$7.50 service charge for each additional withdrawal after 6 per statement cycle.

None

Interest Bearing

Yes

Yes

Yes

Other Available Services
Online Banking

Yes

Yes

Yes

 

¹See current rate sheet for rates and terms. Interest begins no later than the business day we receive credit for the deposit.

²$4.00 dormant account fee per month after 13 months of no activity.

See Current Rates

All rates are effective as of May 4, 2021.

Business Savings

Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
$0 to $74,999.99

0.01%

0.01%

$100.00

$75,000.00 & over

0.05%

0.05%

$100.00

 

Business Money Market

Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
$0 to $4,999.99

0.05%

0.05%

$2,500.00

$5,000.00 to $49,999.99

0.05%

0.05%

$2,500.00

$50,000.00 to $99,999.99

0.05%

0.05%

$2,500.00

$100,000.00 to $249,999.990.15%0.15%$2,500.00
$250,000 & over0.15%0.15%$2,500.00

 

Business CD

CD Term**Interest RateAPY*Interest RateAPY*Interest RateAPY* 
 Minimum $500Minimum $500$5,000 & Above $5,000 & Above  $50,000 & Above  $50,000 & Above 

1 Month

-

-

-

-

0.05%

0.05%

2 Months

--

-

-

0.05%

 0.05%

3 Months

0.05%

0.05%

0.10%

0.10%

 -

6 Months

0.05%

0.05%

0.20%

0.20%

 -

 -

12 Months

0.05%

0.05%

0.35%

0.35%

 -

 -

18 Months

0.05%

0.05%

0.40%

0.40%

 -

 -

24 Months

0.10%

0.10%

0.45%

0.45%

 -

 -

30 Months

0.10%

0.10%

0.50%

0.50%

 -

 -

36 Months

0.10%

0.10%

0.55%

0.55%

 -

 -

48 Months

0.25%

0.25%

0.60%

0.60%

 -

 -

60 Months

0.25%

0.25%

0.70%

0.70%

 -

 -