For many businesses, a business savings account is just as important as its business checking acocunt. At Five Star, we understand. We have a great savings account to go along with our free business checking accounts. You can freely move money between accounts in person, through free online banking, or the free Five Star mobile app. All Five Star accounts are insured by the NCUA up to $250,000 so you can be assured your money is safe.
The Five Star business savings account empowers businesses to save for their future with access to that money when its needed. You can open an account with an initial $5 deposit and a $5 minimum monthly balance. This account earns dividends too.
Here’s how it works:
|LEVEL||SAVINGS ACCOUNT APY*||CHECKING ACCOUNT APY*|
|Five Star Business Savings Account
$5 to Open a Business Savings Account
More Business Savings Opportunities
If you have larger balances for your business savings needs, Five Star has more options to help your money grow including a money market account or a share certificate.
|BUSINESS MONEY MARKET
|$2,000 – $49,999.99||0.60%||0.60%|
|$50,000.00 – $99,999.99||0.80%||0.80%|
|$100,000.00 OR GREATER||1.05%||1.06%|
|SHARE CERTIFICATES – CHECK RATES|
APY is Annual Percentage Yield.
Account is subject to a service charge if dormant for six months, below a $50 balance, and you have no other active account or loan.