Business | Business | Business Premium |
|---|---|---|
| If you need a simple, easy way to earn some interest on your extra cash, a Business Savings account is a solid solution. | You need flexibility to manage your business effectively, and a Business Money Market delivers. | Earn a higher interest rate with a Business Premium Money Market. |
| $25 initial deposit | $100 initial deposit | $100 initial deposit |
| Minimum to earn interest is $200 | Minimum to earn interest is $1,000 | Minimum to earn interest is $1,000 Maximum $100,000 deposit per client |
| No monthly fee ($5 per month if balance falls below $200) | No monthly fee ($12 per month if balance falls below $1,000) | No monthly fee ($12 per month if balance falls below $1,000) |
| This is a variable rate account | This is a variable rate account | This is a variable rate account |
Business 7 Month | Business 13 Month | Business |
|---|---|---|
| $1,000 minimum to open | $1,000 minimum to open | $1,000 minimum to open |
| Minimum to earn interest is $1,000 | Minimum to earn interest is $1,000 | Minimum to earn interest is $1,000 |
| Eligible for higher interest rates/APY with a Simple Business and Business Interest Checking. | Eligible for higher interest rates/APY with a Simple Business and Business Interest Checking. | Terms from 3 months to 5 years. A penalty may be assessed for early withdrawal. |
Are you curious what is needed to open a business bank account? WaFd Bank can help with the personal information and required documents needed for this process.
Are you considering starting a new business? Find out what you should know before venturing into being a business owner from the financial experts at WaFd Bank.
Are you starting a small business? Find out top tips on how to choose the best location for your business from the small business team at WaFd Bank.
For more information about our account services, or to talk to our Client Care Directors.
