Business Banking - Savings Account
This is a helpful way for businesses to save money in a safe, convenient account which earns interest.
You may make unlimited deposits to the account. Transfers to another account or to third parties by preauthorized, automatic, telephone, or computer transfer by check, draft, debit card, or similar order, are limted by law to six per month. After six withdrawals per quarter, there is a $1 fee per additional withdrawal.
Interest is compounded and paid quarterly on all collected balances. Your business will receive quarterly statements.
The fee for a savings account is $7.50 per quarter. You can avoid the fee with a $100 minimum daily balance, or $200 average quarterly balance.
Open your Business Savings Account with a minimum opening deposit of $100 at your nearest FirstBank Southwest location.