Business Savings

BNP19520_Level2_CashManagement_FINAL

Save for Long Term Business Goals

When your business needs a place to save for future purchases, our Business Savings Accounts are the right fit for your cash. All BankNewport Business Savings accounts include these standard features:

  • Free Digital & Mobile Banking
  • Bill Pay
  • Free Telephone Banking

Business Statement Savings

+

With Business Statement Savings, you receive a deposit account that pays interest and allows easy access to your money. You can earn a competitive rate of interest while saving for needed supplies or unexpected expenses. Open with only $100 and a low $3.00 monthly maintenance fee. There is no monthly maintenance fee when you maintain a minimum daily balance of $100 or more and you earn a competitive rate of interest by maintaining a minimum daily balance of $100 or more.*

Tier Minimum Daily Balance to Earn APY APY Minimum Deposit to Open
1 $100.00 - $2,499.99 0.05% $100.00
2 $2,500.00+ 0.05% $100.00

The Annual Percentage Yield (APY) is accurate as of November 29, 2020

Disclosures +

* Some account restrictions and additional fees may apply. Rates are subject to change without notice. 

Business Money Market Savings

+

This account is the smart savings alternative that offers higher interest rates and convenient check writing all in one! You can open with $2,500. There is a low $10.00 monthly maintenance fee and no monthly maintenance fee when you maintain a minimum daily balance of $2,500 or more. You also receive a higher tiered interest rate structure, unlimited ATM usage, and convenient check writing (up to six per month).*

Tier Minimum Daily Balance to Earn APY APY  Minimum Deposit to Open
1 $2,500.00 - $9,999.99 0.05% $2,500.00
2 $10,000.00 - $24,999.99 0.10% $2,500.00
3 $25,000.00 - $49,999.99 0.15% $2,500.00
4 $50,000.00 - $74,999.99 0.20% $2,500.00
5 $75,000.00+ 0.25% $2,500.00

The Annual Percentage Yield (APY) is accurate as of November 29, 2020

Disclosures +

* Some account restrictions and additional fees may apply. Rates are subject to change without notice. 

Business Select Plus Money Market Savings

+

This account is the smart savings alternative that offers higher interest rates and convenient check writing all in one! You can open with $2,500. There is a low $10.00 monthly maintenance fee and no monthly maintenance fee when you maintain a minimum daily balance of $2,500 or more. You also receive a higher tiered interest rate structure, unlimited ATM usage, and convenient check writing (up to six per month).* Business Select Plus Money Market Savings Account requires either a Business Select Plus Checking or Business Analysis Checking account with the same EIN.

Tier Minimum Daily Balance to Earn APY APY  Minimum Deposit to Open
1 $10,000.00 - $49,999.99 0.15% $2,500.00
2 $50,000.00 - $99,999.99 0.20% $2,500.00
3 $100,000.00 - $249,999.99 0.40% $2,500.00
4 $250,000.00 - $499,999.99 0.50% $2,500.00
5 $500,000.00+ 0.60% $2,500.00

The Annual Percentage Yield (APY) is accurate as of November 29, 2020

Disclosures +

* Some account restrictions and additional fees may apply. Rates are subject to change without notice.