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Business Savings
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A savings account to earn money for your business
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All you need is a $500 Average Ledger Balance1 to avoid a $5.00 Monthly Service Charge
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Up to 6 free transfers or withdrawals each calendar month2
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Interest Bearing Account3
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Business Money Market1
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A savings account that has the potential to earn more money as your balance increases
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All you need is $1,500 Average Ledger Balance1 to avoid a $10.00 Monthly Service Charge
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Up to 6 free transfers or withdrawals each calendar month2
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Tiered Interest Rate on Daily Balance3
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We understand that running a business keeps you busy. Sometimes it’s hard to get to the bank . That’s why we’re proud to offer easy access to your savings account wherever you are – whether that’s at home, work, or on the go. Online banking is a standard feature of all our savings account offerings. Manage your account history or transfer funds with the trusted security of our convenient online portal. In addition, we offer mobile banking (complete with mobile check deposit) and InTouch Telephone Banking to perform account management tasks over the phone.
Online banking and eStatements allow you to have 24-hour secure access to your financial information, tracking important details like deposits and withdrawals on a regular basis. These updates are environmentally friendly and may help you identify fraudulent activity more quickly.
You’ve worked hard to save, but what happens if you need access to your funds in an emergency? That’s what the money’s for. When you need to make a withdrawal, both of our business savings options include an ATM card with access to over 55,000 fee-free ATMs worldwide as part of the Allpoint Network.
Whether it’s a new location, updated equipment or supplies, or a safety net to keep your business secure, a business savings account from Shore United Bank can help you plan for the future of your business and provide financial security. Your goals are our goals. That’s why we strive to exceed all expectations with exceptional service. If you’re ready to open a savings account for your business, try our innovative services and account offerings. Head to your local Shore United branch, or contact us for more information.
1 Average ledger balance is calculated by adding the principal in the account for each day of the calendar month and dividing that figure by the number of days in the calendar month.
2 You may make a total of six (6) withdrawals / transfers from your account each calendar month, including pre-authorized or automatic transfers or similar orders paid to third parties.
Transfers and withdrawals made in person, by messenger, mail or at an ATM are unlimited.
3 The interest rate and annual percentage yield will depend on the average ledger balance in the account, as shown on the Rate Chart. At our discretion, we may change the interest rate
on the account at any time. Interest begins to accrue on the business day you deposit noncash items (i.e., checks). Interest will be compounded daily and credited to the account
monthly. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
