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Business Savings Accounts

For today. And tomorrow.

Every business needs a strong foundation.  Our savings accounts give you a multitude of ways to secure your present and build for the future. Rest assured, our business bankers will work with you to find the right savings solutions for your needs. Options include:

Low balance savings accounts: Straightforward and flexible, this type of account gives you a competitive interest rate, easy access to your money, and the chance to grow your business savings without worrying about maintaining a hefty balance.

Tiered interest savings accounts: This type of account usually requires a higher balance. As your savings grow and reach pre-determined tiers, your interest rate will increase as well.

Money market account: A smart option to a business savings account, our money markets provide a competitive interest rate and access to your money via checks or withdrawals.

The No Hitch Switch
We can help you easily transition from your previous financial institution to your new account at Prospect Bank.  All you will need to do is provide information about your previous bank account, any automatic debits and direct deposits.  We have forms and checklists to help you with this process!

SAVINGS ACCOUNTS

OUTLOOK BUSINESS SAVINGS ACCOUNT

This Account Is Best For You If: Your business prefers simplicity and doesn’t want to worry about fluctuating balances.

Account Features:

  • Low opening balance
  • Online banking
  • Interest earning
PROGRESS BUSINESS SAVINGS ACCOUNT

This Account Is Best For You If: Your business wants to maintain a higher daily balance in order to accrue higher interest.

Account Features:

  • $2,500 opening balance
  • Online banking
  • Tiered Interest earning
COMMUNITY SAVINGS ACCOUNT

This Account Is Best For You If: You are a municipality or non-profit that would like a lower daily balance requirement, but still save for the future.

Account Features:

  • Low opening balance
  • Online banking
  • Interest earning

MONEY MARKET ACCOUNTS

PROGRESS BUSINESS MONEY MARKET

This Account Is Best For You If: Your business wants it all; a savings vehicle, tiered interest earning for flexibility, and the ability to access your funds.

Account Features:

  • Four tiers of interest earning
  • Online banking
  • Check writing capability
  • No monthly service charge with balance over $1,000
QUEST BUSINESS MONEY MARKET

This Account Is Best For You If: You have long-term savings goals, but want the flexibility to increase your balance through tiered interest earning.

Account Features:

  • $25,000 opening balance
  • Four tiers of interest earning
  • Online banking
  • Check writing capability