Grow your business’s cash reserves with a commercial savings account. Accounts can be opened with a deposit of just $100. Reach out to our customer service team for more information about our current savings rates and annual percentage yield.
You must deposit $100.00 to open this account. This is an interest-bearing account. (Please contact us for our current rates.) The interest rate and annual percentage yield may change. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest will be compounded quarterly and will be credited to the account quarterly. If the account is closed before interest is credited, you will not receive the accrued interest. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield. Transfers to third parties by preauthorized, automatic or telephone transfer are limited to six per statement cycle.
Let’s Get Started
If you’re ready to open a savings account to help your business grow its cash reserves, we’ll be happy to help you take the next step! Reach out to your nearest full-service location to get started.