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A savings account is an easy and safe way for businesses to set aside funds for a future project or need. You can keep your resources liquid, while also earning interest on your balance. The account may also be tied to your checking account to protect you from the occasional accidental overdraft fee.
ABC BUSINESS SAVINGS
Account Description & Benefits: Easy access to money - can be tied to your checking for overdraft protection
Interest Bearing - Minimum Daily Balance required to obtain the annual percentage yield Yes
Daily Balance during statement cycle determines service charge:
- $0 – $49.99 = $3.00
- $50.00 + = $0
A withdrawal fee of $2 will be charged for each withdrawal in excess of thirty (30) during each quarterly monitoring period.
Eligibility Business Minimum Opening Deposit $50 Debit Card - additional fees may apply, a full fee schedule is available at any branch No