Savings

Savings

Setting aside money from your business is always a smart move. This basic business savings account has everything you need to get started.

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Account Benefits

  • Three (3) free withdrawals or transfers per statement cycle*
  • Free online banking and balance transfer service
  • Free E-statements
  • Free Notary Service and Medallion Signature Guarantee

  • May be linked to a Progress Bank checking or loan account for overdraft protection
  • Progress at Work available

*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.

Account Requirements

Minimum Opening Deposit $100
To Avoid the Monthly Fee Minimum daily balance of $500 or combined personal and business average balances of $25,000 required per statement cycle to avoid the $10 monthly fee.
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