If you’re just starting a business savings account, our Simple Savings account is right for you. Start saving with a minimum opening balance of $50.00 and keep a minimum balance of $50.00 to avoid monthly service charges. Simple Savings accounts accrue interest, so you can grow your business just by saving.
As your business savings grows, consider a business money market savings account to earn more interest. A business money market savings account offers tiered interest rates, so the more money you save, the higher the amount of interest you earn. As with the Simple Savings account, there is a $50.00 minimum opening balance. The required minimum balance to avoid a monthly service charge is $1,000.