This is your basic business savings account with low opening deposit requirements, interest paid on collected balances, and automatic transfer options are available.
| Minimum Opening Balance |
$100 |
| Minimum Daily Balance Required to Avoid Monthly Service Charge |
$500 |
| Monthly Service Charge |
$5 |
| Deposit Item Fee |
$0.20 per item
(first 75 free) |
| Withdrawal Fee |
$5 per withdrawal
(first 6 free)1 |
Account Options and Features:
- Competitive interest rate—Compounded daily and credited quarterly
- Unlimited withdrawals in person or by ATM
- Access funds with your business Visa debit card tied to a Banner checking account
- Unlimited deposits
- Free Banner Online Banking
- Free Banner Bank-by-Phone
- Direct deposit available
- Automatic savings plan available
- Automatic loan payment available
- Link to your Banner checking account for overdraft protection2
1 Excessive withdrawal fee applies when the account exceeds 6 pre-authorized third party withdrawals per statement period (if no more than 31 days). If statement period is quarterly, 6 pre-authorized withdrawals are allowed per calendar month.2Â Subject to transaction limits and funds availability.