Business Deposit Rates
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Business Money Market Accounts
Account | Balance to Earn APY | Interest Rate | APY* |
Business Money Market | |||
Tier 1 | $10 - $24,999.99 | 0.025% | 0.025% |
Tier 2 | $25,000 - $49,999.99 | 0.050% | 0.050% |
Tier 3 | $50,000 - 99,999.99 | 0.100% | 0.100% |
Tier 4 | $100,000 - 249,999.99 | 0.200% | 0.200% |
Tier 5 | $250,000 - $499,999.99 | 0.500% | 0.501% |
Tier 6 | $500,000 - $999,999.99 | 0.750% | 0.753% |
Tier 7 | $1.0M and over | 1.000% | 1.005% |
*Annual Percentage Yield (APY) and rates effective 10/9/2024. Subject to change without notice. Minimum opening deposit: $2,500.00. No interest is accrued on any day the balance is less than $10.00. | |||
Interest on Lawyer Trust (IOLTA)
Account | Balance to Earn APY | Interest Rate | APY* |
Interest on Lawyer Trust (IOLTA) | |||
$10 | 3.030% | 3.070% | |
*Annual Percentage Yield (APY) and rates effective 10/9/2024. Subject to change without notice. Minimum opening deposit: $10.00. No interest is accrued on any day the balance is less than $10.00. | |||
Deposit Insurance
Each depositor is insured by the FDIC to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF). Click for information about Deposit Insurance.
Talk to The Savings Bank
To find out how The Savings Bank can help you achieve all your financial goals, visit one of our offices, use our contact form, or call us at 800-246-2009.
