Business Savings

Put your money to work, too.

Whether you are just now starting to save for your business or are interested instead in a higher yield. FDIC-insured savings option, First IB offers a business product that will be right for you— without tying your funds up in the long term. All our savings accounts include free, unlimited access to online banking, multiple ways to make unlimited free deposits, and free electronic statements.

 Money Market Savings Open  Regular Savings Open 
Deposit to Open Account $100 $100
APY (Annual Percentage Yield) / Interest Rate 0.60% / 0.60% 0.60% / 0.60%
Monthly Maintenance Fee $5.00 $2.00
Average Daily Balance to Avoid Fee $4,000 $1,000
Transactions Allowed per Month1 6 6
ATM Card for sole proprietors only for sole proprietors only

Account Notes:
1 You may make up to six transfers or withdrawals by means of a preauthorized, automatic, PC, or telephonic transfer to another account of yours or to a third party during any calendar month (or statement cycle of at least four weeks). Excessive withdrawals result in a $5.00 per item fee.

Rates last updated 04/17/2014. Rates are subject to change on any day and will be updated by 10 AM Eastern. Please be sure to check this page after 10 AM Eastern for the rate that will be honored today. Fees may reduce earnings on account. The period used to calculate average daily balance for the Money Market Savings account is monthly. The period used to calculate average daily balance for the Regular Savings account is monthly.

Please also refer to the Schedule of Fees Common to All Business Accounts.