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Business Savings, Money Market, & CD Accounts
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Business Savings
Best for: Businesses that need a simple, easy way to earn interest on extra cash
- $25 initial deposit
- Minimum to earn interest is $100
- $5 monthly fee, waived for balances over $200
- This is a variable rate account
Business Indexed Money Market
Best for: Earning our highest interest rate while keeping flexibility
- $25,000 initial deposit
- $100,000 minimum to earn interest
- $12 monthly fee waived for balances over $100,000
- This is a variable rate account based on the Federal Funds rate, contact a banker for details
Business CDs
Best for: Those looking to earn a higher rate and don't need access to funds
- Choose terms from 3-60 months
- $1,000 minimum to open and earn interest
- Some terms require an eligible Business Checking account
Compare Business Savings, CDs, and Money Market Accounts
Business Savings | Business Indexed Money Market | Business CDs | ||
|---|---|---|---|---|
Initial deposit | $25 | $25,000 | $1,000 | |
Minimum to earn interest | $100 | $100,000 | $1,000 | |
Monthly fee | $5, waived for balances over $200 | $12, waived for balances over $25,000 | N/A | |
Variable rate account | Based on the Federal Funds rate, contact a banker for details |
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