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Business Savings Accounts

We offer several savings options to accommodate the specific needs of our business customers.

Interested in a Business Savings Account?

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    Frequently Asked Questions

    What is a Business Savings account?

    A Business Savings account is an interest-bearing account designed to help businesses set aside funds while still maintaining convenient access for planned or short-term needs.

    Who is a Business Savings account best suited for?

    Business Savings is commonly used by small businesses that want to separate operating cash from reserve funds, such as tax savings, emergency reserves, or planned expenses.

    Is there a monthly maintenance fee?

    A monthly maintenance fee may apply if the account balance falls below the required minimum at any point during the statement cycle.

    How can the monthly maintenance fee be avoided?

    Maintaining the required minimum daily balance throughout the statement cycle can help avoid the monthly maintenance fee.

    Are there limits on withdrawals?

    There is no limit to the number of withdrawals permitted but check writing and debit card access are prohibited.

    What is the minimum deposit required to open a Business Savings account?

    A minimum opening deposit is required. Details are provided at account opening.

    Does Business Savings include online and phone banking?

    Yes. Business Savings accounts include access to Online & Mobile Banking and 24/7 Phone Banking.