Business Savings Accounts

Just like a personal savings account does, a business savings account lets you set money aside for future needs and growth. 

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Business Savings

This business savings account is ideal for small-saving businesses. 

  • Minimum to open: $50
  • When your average daily balance is under $500, there’s a $10 monthly fee
  • Earns interest
  • Includes 5 free transfers; $3 for each additional transfer
  • Access it through Online Banking and your Mobile Banking app
  • Free monthly eStatements

A business savings account lets you earn interest on money deposited into the account. Maximizing your cash flow, saving for taxes and funding growth needs are easier when you have money that’s not only set aside but also growing on its own.

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Business Money Market

A business money market account can offer a higher interest rate by requiring a higher minimum balance while still giving your business easy access to capital. 

  • Minimum to open: $10,000
  • Earns interest
  • When your average daily balance is under $10,000, there’s a $10 monthly fee 
  • Includes 5 free transfers; $3 for each additional transfer
  • Access it through Online Banking and your Mobile Banking app
  • Free monthly eStatements

If you’re able to maintain a larger balance, a money market account will give you a higher interest rate. Higher interest rates means your money grows faster while still offering you access to your capital if you need it.

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Business Savings

Business Money Market

Minimum Balance$50 to open$10,000 to open
Free Transaction––
FeesAverage Daily Balance Under $500 = $10 $500 or more = none Excessive transfers (6+) = $10/eachAverage Daily Balance Under $10,000 = $10 Excessive transfers (6+) = $10/each
Online Banking PlatformOnline Banking requires a checking accountOnline Banking requires a checking account
Ideal ForSmall saving customerLarge business accounts

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