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Business Savings Accounts

Custom Fit

Overview

Protect your business against economic cycles by keeping excess cash in a savings account or start a retirement plan for your employees. Options include:

Statement Savings Learn More


Statement Savings is our simplest savings account, and it will help you save more and stress less. It earns interest (view rates) and is limited to six monthly withdrawals (certain types of withdrawals are unlimited) to help you keep your money growing*.

Certificate of Deposit (CD) Learn More


CDs allow your money to earn high interest rates when left untouched for a set period of time (view rates). You choose a term ranging from 3 months to six years, and a fixed or variable interest rate.

ICS Accounts® Learn More


By placing your money in one of our unique ICS or CDARS network accounts, you are guaranteed multi-million-dollar FDIC insurance coverage.

IRAs Learn More


Safe, CD-based individual retirement arrangements are available as traditional IRAs (pre-tax contributions), Roth IRAs (after-tax contributions) and CESA IRAs (pre-tax contributions for children's education). Unlike some banks, we don't charge you holding fees or an annual fee.

Features Statement Savings Certificate of Deposit (CD) ICS Accounts Individual Retirement Arrangement (IRA)
Recommended if you want... A simple, interest-bearing savings account. An account that is meant to be untouched for a set period of time and earns high interest rates. Terms range from 3 months to 6 years with a fixed rate. Deposit or savings account solutions that provide multi-million-dollar FDIC insurance coverage. An account that allows you to make contributions to your retirement for yourself and your employees.
Minimum to open $100 $10, $500, $5,000 or $100,000 $40,000 $10, $500, $5,000 or $100,000
Minimum daily balance to avoid below-minimum-balance fee $100 n/a n/a n/a
Limitations A service charge is assessed if you exceed withdrawal limitations. Early withdrawal penalties apply. Early withdrawal penalties apply to CDARS. Early withdrawal penalties apply.
Interest bearing yes yes Depends on account type yes
For more information on savings accounts, please contact toll free at (800) 815-2265 or visit one of our bank locations.

Fees may apply. Contact us for details.

Insured Cash Sweep ICS, CDARS, and Certificate of Deposit Account Registry Service are service marks or registered service marks of Promontory Interfinancial Network, LLC.