If you have the ability to maintain a higher daily balance and want to accrue more interest as your savings grow, this is the account for you.  The Progress Business Savings Account offers tiered interest rates, allowing you to achieve the highest interest rate on a daily account balance of $5,000 or more.

• Opening balance: $2,500
• $8 monthly service charge if average daily balance falls below $1,500
• Online banking
• Tiered interest earning
• Tier One: Daily account balance of $5,000 and up
• Tier Two: Daily account balance up to $4,999.99
• Online banking

Disclaimers

• Limit of six (6) transfers from a savings or money market savings account during any one calendar month to another account with us or a third party by means of a preauthorized or automatic transfer.
• $5 fee applies to every withdrawal over six (6) during any one calendar month.

Requirements:

All new account applications are subject to approval; a review of your credit history may be used.

What you need to apply:

• Tax ID Number
• Street address of the principal place of business
• Evidence of Existence (Articles of Organization, Operating Agreement, etc.)