Business Savings Accounts
Business Share Account
Set money aside and put it back into your business.
- Variable interest rate
- Minimum balance of $25 required
- Unlimited in-person and electronic transactions
Business Money Market Account
Maximize your business savings. Make money with your savings.
- Variable tiered interest rate
- Minimum balance of $1,000 needed to earn interest
- No monthly service charge
- Unlimited in-person transactions, electronic transactions are limited to 6 per monthÂ
Features
| Business Share | Business Money Market | |
|---|---|---|
| Interest Rate | Variable | Variable Tiered |
| Interest Earned | Yes | Yes |
| Monthly Service Charge | $0 | $0 |
| Minimum balance to earn interest | $25 | $1,000 |
Business Money Market Share Accounts Effective October 1, 2020
| Tier | Variable Rate* | Annual Percentage Yield | Minimum Balance to Open/Obtain Annual Percentage Yield |
|---|---|---|---|
| $1,000.00 - $24,999.99 | 0.25% | 0.25% | $1,000.00 |
| $25,000.00 - $49,999.99 | 0.25% | 0.25% | $25,000.00 |
| $50,000.00 - $99,999.99 | 0.30% | 0.30% | $50,000.00 |
| $100,000 and over | 0.45% | 0.45% | $100,000.00 |
Business Share Accounts
| Account Type | Rate | Annual Percentage Yield | Minimum to Open/Obtain Annual Percentage Yield |
|---|---|---|---|
| Shares | 0.05% | 0.05% | $25.00 |