Business Savings
Enjoy these services with any Bank of Advance business savings account:
- Online and mobile banking
- Electronic statements and notices (eDocs)
- Direct Deposit
- Account monitoring and fraud prevention through Yellow Hammer™ Fraud Detective
- Deposits are FDIC (Opens in a new Window) insured
Are you wondering what you need to bring with you to open your new business savings account?
|
|
Statement Savings
|
Money Market
|
|---|---|---|
|
Minimum Opening
Deposit
|
$100
|
$100
|
|
Monthly Service Charge
|
None
|
$10
|
|
Balance to Avoid
Service Charge |
None
|
$2,500
|
|
Interest Term
|
Quarterly
|
Monthly
|
|
Interest Rate Tiers
|
$50.00-$2,499.99
$2,500.00-$9,999.99
$10,000.00+
|
$2,500.00-$9,999.99
$10,000.00-$49,999.99
$50,000.00-$99,999.99
$100,000.00+ |
| Statement Type |
Free quarterly electronic or paper statements
(no images) |
Free monthly electronic or paper statements
(with images)
|
| Learn More |
1 No early withdrawal is permitted without incurring a penalty. The penalty for early withdrawal is equal to the amount of all accrued interest from the date the account was opened to the date the account will be closed.
Daily Balance Method. We use the daily balance method to calculate interest. This method applies a daily periodic rate to the principal in the account each day.
Compounding and Crediting. Interest will be compounded and credited to the account on the next to last business day of each quarter for Statement and Start Up Savings. If the account is closed before the interest is credited, accrued interest will not be paid.
Accrual of Interest. Interest begins to accrue on the first business day after the day any non-cash deposit is made.
Easy and Secure
Don't have time to swing by the bank? Save some time by managing your accounts online.
Simplify Business
You have enough on your plate! Let us provide you with tools that will help your business.