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.
| Product | Business Savings | Business Money Market | Business CD |
|---|---|---|---|
| Minimum Opening Deposit | $100.00 | $2,500.00 | $500.001 |
| 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 November 8, 2024.
Business Savings
| Minimum Available Balance Requirement | Interest Rate | APY* | Minimum Deposit to Open Account |
|---|---|---|---|
| $0 to $74,999.99 | 0.15% | 0.15% | $100.00 |
| $75,000.00 & over | 0.20% | 0.20% | $100.00 |
Business Money Market
| Minimum Available Balance Requirement | Interest Rate | APY* | Minimum Deposit to Open Account |
|---|---|---|---|
| $0 to $49,999.99 | 0.10% | 0.10% | $2,500.00 |
| $50,000.00 to $99,999.99 | 0.25% | 0.25% | $2,500.00 |
| $100,000.00 to $249,999.99 | 1.00% | 1.00% | $2,500.00 |
| $250,000 & over | 1.49% | 1.50% | $2,500.00 |
Business CD
| CD Term** | Interest Rate | APY* | Interest Rate | APY* | Interest Rate | APY* |
|---|---|---|---|---|---|---|
| Minimum $500 | Minimum $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% | 0.50% | 0.50% | - | - |
6 Months | 2.23% | 2.25% | 4.18% | 4.25% | - | - |
12 Months | 0.05% | 0.05% | 3.80% | 3.85% | - | - |
18 Months | 0.05% | 0.05% | 1.14% | 1.15% | - | - |
24 Months | 0.10% | 0.10% | 3.21% | 3.25% | - | - |
30 Months | 0.10% | 0.10% | 1.24% | 1.25% | - | - |
36 Months | 0.10% | 0.10% | 2.72% | 2.75% | - | - |
48 Months | 0.25% | 0.25% | 2.48% | 2.50% | - | - |
60 Months | 0.25% | 0.25% | 2.48% | 2.50% | - | - |