Important Articles
 

Business Savings

Business Savings, Money Market and CDs

No matter what amount you deposit, put your money to work for you with one of Sunwest Bank’s business savings accounts.

Product InformationBusiness Tiered Super Savings Money MarketBusiness SavingsBusiness Freedom Time Account No Risk (CD)
Monthly Service Charge$15$15 per QuarterNo charge
How To Avoid Monthly Service ChargeMonthly service charge waived for maintaining a $2,500 minimum daily balance or more, or $5,000 Average Daily Balance1 or moreQuarterly service charge waived for maintaining a $1,000 minimum daily balance or moreNot applicable
Minimum Balance to Open$100$100$500
Features and Account BenefitsTiered interest and higher interest rates available compared to Business SavingsTiered InterestUnlimited deposits available, one penalty-free withdrawal allowed during the term of the account, automatically renews at maturity after grace period
Transaction Restrictions and LimitationsRegulations prohibit more than six (6)2 withdrawals or electronic transfers per monthRegulations prohibit more than six (6)2 withdrawals or electronic transfers per monthSubstantial penalty for early withdrawal may apply after 1 penalty-free withdrawal, during the term

1. Average Daily Balance: The Average Daily Balance is calculated by adding the principal in the account for each day of the month and dividing that figure by the number of days in the month.
2. Six (6) covered transactions per calendar month (including preauthorized debits, online banking transfers, payments to 3rd parties, telephone transfers, and point of sale transactions).