Business Savings
We offer a full range of saving accounts to meet your business needs. Learn more by clicking on the account name below.
Prime business savings
Prime Business Savings is an interest bearing savings account which allows you to earn 1.25% APY* on your Prime Business Savings account balance. Prime Business Savings, when coupled with your Prime Business Checking account, is a fast and easy way to build up your savings account. You must deposit at least $100 to open the account. This account is available to sole proprietorships and non-profit organizations only. Note: A Prime Business Checking Account is required in order to open a Prime Business Savings account.
Prime Business Savings is perfect for you if you:
- Choose Prime Business Checking as your checking account (whether you already have one or want to open both)
- Want two competitive-interest accounts (Prime Business Checking and Prime Business Savings)
Prime Business Checking has:
- No minimum balance to maintain
- One free withdraw per statement cycle**
- A monthly dormant fee of $5.00 after 730 days of no customer-initiated activity.
*APY = Annual Percentage Yield. APY accurate as of 11/28/22. Rates are variable and may change after the account is opened. Fees may reduce earnings.
**A $1.00 fee will be assessed per withdraw in excess of one per statement cycle.
Commercial basic savings
Savings is about building your wealth, but at FAB&T you don't need a fortune to get started. This account is available to any business or non-profit organization. It only takes $100 to open an account and begin earning interest.
- Minimum to open is $100
- Must maintain a minimum amount of $100 to avoid a monthly service charge of $9
- $5.00 quarterly dormant fee will apply after 730 days of no customer-initiated activity (fee can be waived with a maintained balance of $2,500).
Commercial money market savings
Money Market Savings is a variable rate interest bearing account. This product may be included in a relationship interest bonus program and may be subject to an interest bonus.
- $100 minimum to open - a $10.00 service fee will be assessed if the balance falls below $2,500
- Free initial ATM of Mastercard debit card
- Free online banking with unlimited Bill Pay services
- A dormant fee of $5.00 will apply after 730 days of no customer-initiated activity (fee will be waived with a maintained balance of $2,500).
To learn more about our Business Savings accounts, contact our Client Resource Center.