Savings

Business Savings

If your business is growing, it might be time for a dedicated business savings account. State Bank offers several interest-earning savings account options to help ensure your hard-earned money is working for you until it is needed.

Product Features High-Performance Savings Select Money Market Select Money Market Plus
Minimum Opening Deposit $25 $5,000 $5,000 and State Bank Checking Account
Earns Interest Yes Yes, tiered interest rates and APYs* Yes, tiered interest rates and APYs*
Monthly Maintenance Fee None, or $1 if minimum daily balance is not met None, or $1 if minimum daily balance is not met None, or $1 if minimum daily balance is not met
Minimum Daily Balance $100 to waive fee $5,000 to waive fee $5,000 to waive fee
Requires a State Bank Checking Account Relationship No No Yes

*Annual Percentage Yield (APY) A $25.00 fee applies if account is closed within 180 days.

High-Performance Savings
Minimum Opening Deposit $25
Earns Interest Yes
Monthly Maintenance Fee None, or $1.00 if minimum daily balance is not met.
Minimum Daily Balance $100 to waive fee
Requires a State Bank Checking Account Relationship No
Select Money Market
Minimum Opening Deposit $5,000
Earns Interest Yes, tiered interest rates and APYs*
Monthly Maintenance Fee None, or $1.00 if minimum daily balance is not met.
Minimum Daily Balance $5,000 to waive fee
Requires a State Bank Checking Account Relationship No
Select Money Market Plus
Minimum Opening Deposit $5,000 and State Bank Checking Account
Earns Interest Yes, tiered interest rates and APYs*
Monthly Maintenance Fee None, or $1.00 if minimum daily balance is not met.
Minimum Daily Balance $5,000 to waive fee
Requires a State Bank Checking Account Relationship Yes