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Business Savings

Business Statement Savings

An EBSB Business Statement Savings account is perfect for businesses that want to earn interest without having to maintain a high minimum balance. With just $50 to open the account you can earn interest for balances of $25 and over.

  • Interest is compounded and credited monthly
  • Business ATM card available
  • Basic Business Online Banking available

A Business Statement Saving account is a limited transaction account. This account is limited to six pre-authorized, automatic, telephone or online banking transfers to another account or to third parties per statement cycle. A $15 fee will apply for each transfer in excess of the six during a statement cycle.

Business Statement Savings

Rates as of October 19, 2017
Minimum to open $50

Balances From To Interest Rate* Annual Percentage Yield
$0 $24.99 0.00% 0.00%
$25 Over 0.10% 0.10%
* Rates are subject to change without notice; fees and withdrawals could reduce earnings on accounts. Fees are subject to change. This is a variable interest rate accounts and the interest rate may change at any time. The minimum balance tiers to earn the APY stated above reflect the full tier balance ranges for each appropriate tier.

Business Money Market

This account is perfect for businesses that want to earn interest without having to maintain a high minimum balance and have access to the funds when needed. With just $50 to open the account you can earn interest for balances of $10 and over.

  • Earns a variable tiered interest rate; compounded and credited monthly
  • Check writing privileges
  • Business ATM card available
  • Basic Business Online Banking available

A Business Money Market account is a limited transaction account. This account is limited to six preauthorized, automatic, telephone or online banking transfers to another account or to third parties or checks made to a third party per statement cycle. A $15 fee will apply for each transfer in excess of the six during a statement cycle.

$2,500 minimum opening deposit
$8.00 monthly fee if balance falls below $2,500

Business Money Market

Rates as of October 19, 2017
Minimum to open $2,500

Balances From To Interest Rate* Annual Percentage Yield
$10 $2,499.99 0.10% 0.10%
$2,500 $24,999.99 0.15% 0.15%
$25,000 $49,999.99 0.20% 0.20%
$50,000 $99,999.99 0.30% 0.30%
$100,000 $249,999.99 0.43% 0.43%
$250,000 $999,999.99 0.73% 0.73%
$1,000,000 Over 0.92% 0.92%
* Rates are subject to change without notice; fees and withdrawals could reduce earnings on accounts. Fees are subject to change. This is a variable interest rate accounts and the interest rate may change at any time. The minimum balance tiers to earn the APY stated above reflect the full tier balance ranges for each appropriate tier.