- 4.25% APY* for up to 6 months on balances up to $250,000.99
- $100 minimum opening deposit
- No minimum monthly balance requirement
- No monthly maintenance fees
- Unlimited withdrawals
What does an Intro Business Savings Account Do For You?
For the first six (6) months:
- If your daily balance is equal to or less than $250,000.99: the interest rate paid on the entire balance of your account will be 4.17% with an Annual Percentage Yield of 4.25%.
- If your daily balance is $250,001.00 or more: a 4.17% interest rate with an Annual Percentage Yield of 4.25% will be paid on the first $250,000.99 and a 0% interest rate with an Annual Percentage Yield of 0% will be paid on any balance of $250,001.00 or more.
Based on current rates and depending on the balance in your account, interest rate tiers are as follows:
If your daily balance is: | Interest Rate | Annual Percentage Yield |
up to $250,000.99 | 4.17% | 4.25% |
$250,001.00 and above | 0.00% | 0.00% |
After six (6) months:
- This account will be converted to the Business Savings product after the first six months. The current rates for the Business Savings Account can be seen on the Rate Sheet.
- Please review the standard deposit account disclosure information in the deposit account guide for additional information on Business Savings Account.
* The annual percentage yield is accurate as of the publication date. Fees could reduce earnings.