Business Savings Accounts

Our business savings accounts offer higher yield so you can generate interest while you save money. 

Start Opening a Savings Account Talk to a Banker

 

All business savings accounts include:

  • Online Banking
  • eStatements and Combined Monthly Statements
  • Business ATM or Business Debit Card (checking account required for Debit Card)
  • FREE ATM Transactions at all MoneyPass ATMs
  • FREE Automatic transfers from your RiverWood checking account to make saving easier

Business banking is stress-free with RiverWood Bank.

Compare Business Savings Accounts

No matter the size of your business, we have a savings account to help you reach your financial goals.

Account Type

Business Statement Savings

Business Money Market Savings

Business High Yield Money Market Savings

Certificate of Deposit

Minimum Balance

$100 daily ledger balance

$2,500 daily ledger balance

$25,000 daily ledger balance Must have checking account at RiverWood Bank

$500

Maintenance Fees

$10.00 monthly if minimum balance not maintained

$20.00 monthly if minimum balance not maintained

$30.00 monthly if minimum balance not maintained

None

Interest Bearing

Earns daily interest
paid monthly

Earns daily interest
paid monthly

Earns daily interest
paid monthly

Earns daily interest with interest paid based on term

Statements

Quarterly

Monthly

Monthly

N/A

Withdrawals

Six free withdrawals per month. $2.00 each thereafter Up to 6 preauthorized transfers per month1

Six free withdrawals per month. $2.00 each thereafter Up to 6 preauthorized transfers per month1

Six free withdrawals per month. $2.00 each thereafter Up to 6 preauthorized transfers per month1

Penalties apply if funds are withdrawn prior to the stated maturity date

 

1 Preauthorized withdrawals or transfers are limited to a combined total of six per account cycle.

Conveniently Apply Online.

Start Opening an Account

Don't Want to Apply Online?

Visit any RiverWood Bank location or call (888)751-5120 to speak with a banker.

Business Statement Savings

We recommend our Business Statement Savings to small businesses that need a simple set-it-and-forget-it savings account to start generating interest.

  • $100 minimum daily ledger balance
  • $100 minimum opening deposit
  • $10 monthly if minimum balance not maintained
  • Competitive rates paid on daily collected balance
  • Earns daily interest, paid quarterly (contact a banker for rates)
  • Statements quarterly, or monthly with combined statement
  • Withdrawals or transfers available in person, at an ATM, through RiverWood Bankline, Online Banking, or an electronic (ACH) transaction1
  • Six free withdrawals per month, then $2.00 each thereafter
  • FREE checking and savings combined monthly statements
  • FREE Business ATM Card or Business Debit Card (checking account required for Debit Card)
  • FREE ATM transactions at RiverWood Bank / MoneyPass ATMs
  • FREE Online Banking
  • FREE automatic transfers from your RiverWood checking account to make saving easier

Business Money Market Savings

Our Business Money Market Savings account is the best of both worlds: the yield of a savings account with the access of a checking account. Transfer between accounts1 while still earning money.

  • $2,500 minimum daily ledger balance
  • $100 minimum opening deposit
  • $20 monthly if minimum balance not maintained
  • Competitive, tiered rates paid on daily collected balance
  • Earns daily interest, paid monthly (contact a banker for rates)
  • Monthly statements
  • Withdrawals or transfers available by check, in person, at an ATM, through RiverWood Bankline, Online Banking, or an electronic (ACH) transaction1
  • Six free withdrawals per month, then $2.00 each thereafter
  • FREE checking and savings combined monthly statements
  • FREE Business ATM Card or Business Debit Card (checking account required for Debit Card)
  • FREE ATM transactions at RiverWood Bank / MoneyPass ATMs
  • FREE Online Banking
  • FREE automatic transfers from your RiverWood checking account to make saving easier

Business High Yield Money Market Savings

If you want the maximum amount of yield, our Business High Yield Money Market Savings is the account for you. Earn the highest interest on your money every day.

  • $25,000 minimum daily ledger balance
  • $100 minimum opening deposit
  • $30 monthly if minimum balance not maintained
  • Earns daily interest, paid monthly (contact a banker for rates)
  • Monthly statements
  • Withdrawals or transfers available by check, in person, at an ATM, through RiverWood Bankline, Online Banking, or an electronic (ACH) transaction1
  • Six free withdrawals per month, then $2.00 each thereafter
  • FREE checking and savings combined monthly statements
  • FREE Business ATM Card or Business Debit Card (checking account required for Debit Card)
  • FREE ATM transactions at RiverWood Bank / MoneyPass ATMs
  • FREE Online Banking
  • FREE automatic transfers from your RiverWood checking account to make saving easier
  • Must have a RiverWood Bank checking account to qualify

Certificate of Deposit (CD)

Plan for the future with a Certificate of Deposit through RiverWood Bank. Our CDs allow you to mature your money so you can save for that big business purchase.

  • $500 minimum deposit to open a certificate account
  • Interest bearing deposit with rate based on term of certificate (contact a banker for rates)
  • Certificate accounts may be set up as Individual Retirement Accounts (IRAs)
  • Penalties apply if funds are withdrawn prior to the stated maturity dates

Learn More About CDs

Still Have Questions?

Find FAQs, routing numbers and online banking tutorials in our Education Center.

 

1 Preauthorized withdrawals or transfers are limited to a combined total of six per account cycle.

 

Back to Top