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

  • $0 - $2,499.99
  • $2,500 - $9,999.99
  • $10,000 - $99,999.99
  • $100,000 - $249,999.99
  • $250,000 - $4,999,999.99
  • $5,000,000 and up
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.