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|
|Arvest Online Banking||Free||Free|
Tiered rates; interest earned on daily collected balance and paid monthly
|Interest earned on daily collected balance of $100 or greater and paid quarterly|
Up to 6 withdrawals per statement cycle ($10 for each withdrawal after 6)
Up to 6 withdrawals per month ($5 for each withdrawal after 6)
|Balance Required to Waive Monthly Fee||$2,500 minimum daily balance||$100 minimum daily balance or average daily balance of $500|
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.