BUSINESS SAVINGS ACCOUNT
A safe place to save your hard-earned assets
Store your unused assets where they can stay safe – and earn interest until you need them. This basic business savings account is ideal for holding cash that’s already obligated. Like funds you’ll need to send to a supplier within 30 days. Or money you want to set aside until a big receipt comes in.
Earn interest that's compounded daily and credited quarterly.
Make deposits any time.
Manage your finances and expenses on your clock.
Get convenience and security without the paperwork.
| Compare | Business Money Market Savings | Business Savings Account | Flex Non-Personal Savings | Business Preferred Savings |
|---|---|---|---|---|
| Works for you if… | You want to earn a higher rate than a typical savings account |
You want to hold cash for a future expense and let it grow until then | You tend to keep a higher balance and want a better return and easy access | You want premium account benefits and competitive interest rates |
| Monthly service charge | $10 (waived for average balances of $10,000 or more) | $3.00 if the daily balance falls below $300 during the month | $3.00 if the daily balance falls below $300 during the month | $3.00 if the daily balance falls below $300 during the month |
| Minimum opening deposit | $10,000 | $100 | $2,000 | $1,000 |
| Interest bearing | Competitive tiered rates, interest compounded and credited monthly | Interest compounded daily and credited quarterly | Interest compounded and credited quarterly | Interest compounded and credited quarterly |
| Direct deposit | {{check}} | {{check}} | {{check}} | {{check}} |
| Free Online Business Banking | {{check}} | {{check}} | {{check}} | {{check}} |
| Free Online Statements | {{check}} | {{check}} | {{check}} | {{check}} |