Setting aside money from your business is always a smart move. This basic business savings account has everything you need to get started.
- Three (3) free withdrawals or transfers per statement cycle*
- Free online banking and balance transfer service
- Free E-statements
- May be linked to a Progress Bank checking or loan account for overdraft protection
- Minimum opening deposit of $100
- Minimum daily balance of $500 or combined personal and business average balances of $25,000 required per statement cycle to avoid $10 monthly charge
*Progress Bank policy limits Savings Account withdrawals or transfers, regardless of how initiated, to three per statement cycle. A charge will be assessed for each item in excess of the number allowed by bank policy. If these restrictions are exceeded more than three times during a 12 month period, the account is subject to being closed and funds transferred into a checking account. Bill Payment is not available for savings accounts.