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Business Savings

A convenient, secure account that helps your business grow — and gives you access to your money when you need it.

Interest Rate

0.05% APR1

No Minimum Balance

Start with a $1 deposit

No Monthly Fee

More savings for you

Reach your goals faster with a Business Savings account

If you’re a small business owner, you want a business savings account that goes farther for you. A Patelco Business Savings account makes it easy to start saving now — it’s a cost-effective tool for earning on your business income. Start saving with as little as a $1 deposit to open your account and watch your savings grow.
 
With no monthly fee, no minimum balance requirement and convenient access to your money when you need it, a Business Savings account can help put your company’s goals within reach.
 
Contact the Patelco Virtual Branch team to get started today!

Business Savings Benefits

No Minimum Balance

Open your account with a $1 deposit

No Monthly Fee

No fees for your first 25 transactions each month2

Electronic Deposits

Set up direct deposit or automatic transfers to help your savings grow

Top-rated Mobile App and Online Banking3

Access your accounts anytime from anywhere to view account activity, set alerts, send or transfer money and deposit checks

Do more with Business Savings
In addition to no monthly fees or minimum balances, the Patelco Business Savings account also comes with these convenient features to streamline your finances.

  • Our top-rated Mobile App
  • Send money with ease with external bank transfer (ACH) and wire transfers
  • Access to 30,000+ Fee-Free ATMs
How to open your Business Savings account

Here’s what you need to get started.

  • Your business’s Employer Identification number (EIN) or Tax ID number (TIN), and a government-issued photo ID and SSN.
  • Articles of Incorporation, Articles of Organization or a charter or similar legal document.
  • Our Business Banking account checklist includes any additional documentation that you’ll need to establish a business membership with us.
Get Started Now

Business Savings Interest Rates

Rates Effective 12/05/2023

TermMin. BalanceAPYRateDividends Paid
261371None$0.000.05%0.05%Monthly12/05/2023
261232None$5,000.000.05%0.05%Monthly12/05/2023
261343None$10,000.000.05%0.05%Monthly12/05/2023
261264None$20,000.000.05%0.05%Monthly12/05/2023
260385None$50,000.000.05%0.05%Monthly12/05/2023
261316None$100,000.000.05%0.05%Monthly12/05/2023

Frequently Asked Questions about Business Savings

Patelco Business Rewards Credit Card
Open a business credit card that has a competitive low rate, is packed with benefits and lets you earn points on everyday business purchases, too.
Learn More Patelco Business Rewards Credit Card

Open your Business Savings account today

With no monthly fee, no minimum balance requirement and convenient access to your money, Patelco Business Savings is a great way to start earning interest on your extra cash. So whether you’re an established business or just getting started, start building your savings today.

Contact Virtual Branch™

1 APY = Annual Percentage Yield

2 Accounts are subject to a $0.25 transaction fee if account exceeds 25 transactions each month. Accounts are subject to an excess cash fee of $0.50 fee per $100 deposited or purchased after $5,000 in cash.

3 Source: over 22,000 five-star reviews on the App Store.

The following is a non-exclusive list of business types that Patelco does not serve: (1) any business subject to any sanctions prohibitions administered by the Office of Foreign Assets Control; (2) medical marijuana dispensaries or any other business involved in the marijuana industry; (3) money services businesses or MSBs (ATM machines, check cashing, vending machines, cash-intensive businesses, etc.); (4) gambling businesses; (5) digital currency businesses; (6) third party payment processors; (7) prostitution businesses, whether legal or not; (8) embassies, consulates, and diplomatic missions; (9) pawn shops or pawnbrokers; (10) anonymous ownership entities; (11) adult entertainment businesses; (12) firearms and ammunition manufacturing businesses; (13) businesses that advocate violence or hate against any group or individual; (14) businesses that are engaged in an activity that is illegal under state or federal law; (15) businesses that present a high degree or risk, and (16) businesses that could be detrimental to Patelco’s reputation or values.

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