Business Deposit Rates

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*Annual Percentage Yield (APY) and rates effective 2/15/2023. Subject to change without notice.

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%

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

2.610%

2.640%

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.