Business Savings Account Details
Effective April 2019
| Account Type | Business Money Market | Business Savings |
|---|---|---|
| Features | Earn a higher interest rate with limited check writing | A basic savings account that earns interest on your balance |
| Minimum to Open | $100 | $100 |
| Check Access | Yes | No |
| Arvest Online Banking | Free | Free |
| Earns Interest |
Tiered rates; interest earned on daily collected balance and paid monthly
|
Interest earned on daily collected balance of $100 or greater and paid quarterly |
| Statement | Monthly | Quarterly |
| Monthly Transactions |
Unlimited deposits Up to 6 withdrawals per statement cycle ($10 for each withdrawal after 6) |
Unlimited deposits Up to 6 withdrawals per month ($5 for each withdrawal after 6) |
| Monthly Fee | $15 | $2 |
| Balance Required to Waive Monthly Fee | $2,500 minimum daily balance | $100 minimum daily balance or average daily balance of $500 |
Additional Information
Earns Interest
Business Money Market - Interest is paid on the daily collected balance at our current Money Market rate. The rate is variable and may change.
Non-Arvest ATM Transaction Fees
Business Money Market/Savings Accounts - Transaction fees may apply to usage of non-Arvest ATMs or other non-ATM Personal Identification Number (PIN) withdrawals or transfers.
