With savings accounts, the situations are pretty straightforward. Either you have a lot of savings, or you are still working toward that goal. Either you need access to your funds regularly (with few or no restrictions), or you can lock up your funds to maximize earnings.
|1st Security Bank Business Savings Accounts|
|Business Savings||Nonprofit Savings||Business Money Market|
|Perfect for:||Businesses with a need for liquidity||Nonprofit organizations||Businesses with larger savings balances|
|Minimum to Open||$500||$2,500||$1,500|
|Current APY||Click to see rates||Click to see rates|
|Monthly Fee||$5 waived if balance is $500 or more||$10 waived if customer maintains a minimum balance of $2,500 or more and has an active Nonprofit or Premier Business Checking Account||$7.50 waived if balance is $1,500 or more|
|Minimum Daily Balance Requirement to Avoid Charge||$500||$2,500||$1,500|
|Online Banking, Mobile Banking,||Basic business online banking||Basic business online banking||Basic business online banking|
To maximize your yield on your savings, consider a Certificate of Deposit. With a number of terms to choose from, CDs are the best way to earn a higher return in a deposit account. See our Certificate of Deposit rates for more details on rates and terms.