Business Savings Account
A traditional savings account designed to help your business build reserves while earning interest on your balance.
Features:
- Competitive rates
- $1 minimum balance fee waived on balances over $100
- Interest compounded quarterly
- $100 minimum opening deposit
- 24/7 online access
Ideal For:
Businesses looking to establish a cash reserve while earning interest on their funds
Business Money Market
A premium savings option that offers higher interest rates for higher balances, with check-writing privileges.
Features:
- Earn more as your balance grows
- $2,500 to open
- $15 minimum balance fee waived on balances over $2,500
- Direct Deposit available
- Limited to 6 withdrawals/transfers per statement cycle (federal regulation)
Ideal For:
Businesses with higher balances seeking better returns while maintaining some liquidity
Business Certificates of Deposit (CDs)
Fixed-term deposit accounts offering higher interest rates in exchange for leaving funds untouched for a specified period.
Features:
- Competitive fixed rates
- Variety of terms available
- Invest locally and support your community
- FDIC insured
Ideal For:
Businesses with excess cash that won't be needed for a specific time period
Business Savings Benefits
Emergency Funds
Build a financial safety net to help your business weather unexpected expenses or economic downturns.
Tax Management
Set aside funds for quarterly tax payments or annual tax obligations to avoid cash flow disruptions.
Future Growth
Accumulate capital for future expansion, equipment purchases, or other business investments.
* Annual Percentage Yield (APY) is accurate as of . Fees may reduce earnings. Rates subject to change without notice.