This account is perfect for businesses with smaller balances who want to start building cash reserves now.
The Business Savings account offers six free debits per month. A $1 transaction fee applies to each additional withdrawal. The following transactions are included in the six free debits: pre-authorized automatic, telephone or e-transfers.
The minimum opening deposit is $200, with a $1 minimum balance to earn an Annual Percentage Yield (APY).
Account is free if a balance over $200 is maintained. If the balance falls below $200 at any time a $3/month maintenance fee is charged. Fees could reduce earnings.