Business Savings Accounts & CDs

Let a business savings account put your extra cash to work

Watch your money grow with a business savings account

Choose from three small business savings accounts to help support your business needs. Enjoy earned interest and convenient online access, with guidance and value you can trust.

Business Savings Account

Get the benefits of savings with liquidity and a stable source of interest-bearing funds with a small business savings account.

  • Low minimum opening deposit of $100
  • Compounded daily and credited monthly interest
  • Access to online and mobile banking

Premium Money Market Account

Use this business savings account to help maximize your liquid savings—the higher your balance, the greater your interest.

  • Tiered interest rates based on balance
  • Minimum opening deposit of $25,000
  • Low monthly maintenance fees
  • Compounded daily interest
  • Access to online and mobile banking

Business CD Accounts

Certificates of deposit, or CDs, are a great way to save money for your business while earning interest at a steady rate.

  • Guaranteed fixed interest rates
  • Minimum opening deposit of $500
  • Flexible terms that fit your needs
  • No monthly maintenance fees

Commercial Savings

If you operate a larger-scale enterprise, our commercial savings accounts can give you the flexibility you need to reach both short- and long-term goals.

  • High-yield savings accounts that grow with your business
  • Maximized savings potential with tiered interest rates
  • Steady interest rates and flexible terms on CDs

Compare accounts

Here's a quick glance at our small business savings accounts to help you decide.

Business Savings

Premium Money Market

Business CDs

Features

Liquidity while earning interest

Tiered rates

Higher rates for longer-term investments

Interest

Compounded daily

Compounded daily

Compounded daily

Minimum opening deposit

$100

$25,000

$500 to $2,500 depending on term; preferred rates on CDs with a minimum of $5,000 per CD

Monthly maintenance fee

$5

$10

N/A

Minimum daily balance to avoid maintenance fee

$300

$25,000

N/A

Business Digital Banking

Manage your business on the go

Manage your accounts from anywhere

Send and transfer money using ACH and wires

Receive account and security alerts

Business Digital Banking

Manage your business on the go

Manage your accounts from anywhere

Business Digital Banking

Manage your business on the go

Send and transfer money using ACH and wires

Business Digital Banking

Manage your business on the go

Receive account and security alerts

Business Savings FAQ

People often ask us

A business savings account is a type of bank account that allows you to save money while earning interest.

There are several advantages to opening a business savings account.

  • You'll get a financial cushion by saving extra cash flow for future expenses.
  • You'll earn interest on the money you deposit into a business savings account.
  • You can expand and grow your business with additional cash flow that's easy to access when needed.

You can open a business savings account online by logging in to your account, visiting business savings or talking with a financial services representative at your local branch.

The documentation you need to open an account will vary based on your business type and needs. Read our business account requirements to learn more about the documents we'll ask for during the account opening process.

The minimum deposit to open a Business Savings account is $100, and the minimum opening deposit for a Premium Money Market Savings account is $25,000.

Yes. You can access your business savings account online—as well as your business checking, business credit card, loans and lines of credit. These accounts and their corresponding balances are automatically available through our online services and will appear each time you log in to your account.

A money market savings account delivers a higher interest rate on your liquid funds. Because our Premium Money Market savings account offers tiered interest rates, the higher your balance, the more you earn.

Yes. We offer a variety of CDs, all with competitive interest rates. Business Checking customers earn preferred rates on CDs with a minimum deposit of $5,000. For current interest rates, contact your First Citizens banker or visit your local branch.

Yes. The FDIC guarantees all deposits owned by a corporation, partnership or unincorporated entity up to an aggregate of $250,000 for all applicable accounts at First Citizens Bank. These deposits are guaranteed separately from the personal accounts of business owners or members.

In the event the deposits are those of a sole proprietorship or unincorporated business owned by an individual using a business name, those deposit funds will be guaranteed in aggregate with any personal funds at First Citizens Bank up to $250,000.

Maintenance fees depend upon several factors. You can avoid the monthly maintenance fee for our business savings account if you maintain a minimum daily balance of $300. For requirements on our other business savings options, read our Disclosure of Products and Fees—Business Accounts and Services (PDF).

Yes. Business accounts allow you to earn interest while also maintaining liquidity. However, the amount of interest you earn depends on the type of business savings account you open.

Small Business Savings Insights

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Account openings are subject to normal bank approval.

The interest rate and annual percentage yield for a certificate of deposit account, or CD, are determined by the type of CD selected and the opening deposit or renewal balance. The annual percentage yield assumes interest remains on deposit until maturity. A penalty may be imposed for early withdrawal of principal. Any withdrawal of principal or interest prior to maturity will reduce earnings on a CD. The required minimum opening deposit is $500 and depends on the type of CD selected. Contact your local branch for more details.

For a list of account details and fees, see our Disclosure of Products and Fees—Business Accounts and Services (PDF).

Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. First Citizens Bank and its affiliates are not responsible for the products, services and content on any third-party website.

Bank deposit products are offered by First Citizens Bank. Member FDIC and an Equal Housing Lender. icon: sys-ehl.

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