Banner's Business Savings Account Options | Apply Online Today
Make your money work harder for you.
Earn up to $600** when you open new Business Accounts.
See how much tiered interest you can earn with your account balance & $25,000 new money to Banner Bank.
Choose the business savings account that best fits you:
| Business Savings | Business Money Market | Banner's Best Business Savings | |
|---|---|---|---|
| Apply online | |||
| Best For |
I need a rainy day savings account, including overdraft protection |
I want a hard-working account that earns interest |
I want to be rewarded with a savings account that pays more |
| Minimum Opening Balance |
$100 |
$100 |
$100 |
| Monthly Service Charge |
$5 |
$10 |
$10 |
| Monthly Service Charge Waived with |
$500 minimum daily balance |
$2,500 minimum daily balance |
$5,000 minimum daily balance |
| Paper Statements |
$3 each month for paper statements |
Included at no cost |
Included at no cost |
| Interest |
Interest compounded daily and credited quarterly |
Tiered interest compounded daily and credited monthly |
Premium tiered interest compounded daily and credited quarterly |
| Cash and currency transaction limits included, then $0.15 per additional $100 |
Up to $5,000 processed each month |
Up to $5,000 processed each month |
Up to $5,000 processed each month |
| Item processing limits included, then $0.20 per additional item |
Up to 25 items per monthly statement cycle≠. |
Up to 25 items per monthly statement cycle≠. |
Up to 25 items per monthly statement cycle≠. |
| Business savings account details | Learn more about Business Savings | Learn more about Business Money Market | Learn more about Banner's Best Business Savings |
Easily open a Banner Bank business account today.
To receive the offer, you must open your account online at bannerbank.com or at a Banner Bank branch and use the promo code at account opening that was provided to you by Banner Bank. Banner Bank is not responsible for, and will not honor, promotional offers that appear on non-Banner Bank websites or that are not authorized by Banner Bank. Standard account opening requirements apply. You may only receive one new account opening-related bonus per business entity with a unique tax ID on a business checking account every two years and one new account opening-related bonus per business entity with a unique tax ID on a business savings or money market account every two years. Offer not available for local, state or Federal Government entities or agencies, Not for Profit organizations, Political Action Committees, or those with campaign accounts, or whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years. Offer is available to businesses with addresses in OR, WA, CA or ID only. Offer is subject to change without notice and may not be combined with any other offer.
To receive the $500 business checking bonus: 1) Open a new Banner Bank Basic Business Checking, Complete Business Checking (with or without interest) or Complete Plus Business Checking account, which has a minimum opening deposit of $100, AND; 2) Deposit a total of $25,000 or more in new money (not held at Banner Bank) into that account within 60 days of account opening; AND 3) Maintain at least a $25,000 minimum daily balance for an additional 90 days.
To receive the $200 business checking bonus: 1) Open a new Banner Bank Basic Business Checking, Complete Business Checking (with or without interest) or Complete Plus Business Checking account, which has a minimum opening deposit of $100, AND; 2) Deposit a total of $2,000 or more in new money (not held at Banner Bank) into that account within 60 days of account opening; AND 3) Maintain at least a $2,000 minimum daily balance for an additional 90 days.
To receive the $100 business savings bonus (in addition to a checking bonus offered above: 1) Open a Banner Bank Business Savings, Business Money Market or Banner’s Best Business Savings account, which requires a minimum opening deposit of $100, or open a High Yield Relationship Savings account, which has a minimum opening deposit of $25,000 new money to Banner Bank, at the same time your Banner Bank business checking account is opened; AND 2) Deposit a total of $1,000 or more in new money within 60 days of account opening; AND 3) Maintain a $1,000 minimum daily balance for an additional 90 days.
After you have met all the above requirements and your account has been open for at least 90 days, we'll deposit the bonus into your new account within 30 days. Banner Bank will monitor the balances maintained in your account during the qualification period to determine bonus amount paid, if applicable. Account must be in an open status and in good standing at the time of payout.
Deposits are subject to verification and not available for immediate withdrawal. Deposit limits and other restrictions apply.
Fees: Service fees may apply based on the account(s) you select. For a schedule of fees and deposit account agreements, please visit our terms and tips page.
IRS Form 1099-INT or 1042-S: Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Please consult your tax advisers concerning the reporting to Internal Revenue Service of bonus payments as interest on accounts. Offer expires 12/31/2024.
Annual Percentage Yield (APY) accurate as of 2/1/2024. Rates may change. The interest rate tier is determined by the actual daily account balance. Monthly service charge of $10 is waived when you meet one of the following criteria during that monthly statement cycle: $5,000 minimum daily balance or $10,000 average daily combined balance for checking and savings deposit relationship. If relationship balance is below $25,000, Annual Percentage Yield (APY) is 0.50%. Public fund accounts not eligible. Additional restrictions may apply.
Item processing limit includes all transactions and items deposited.