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
Learn more about business savings accounts
Find a Branch , Opens in a new tab

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
Learn more about premium money market savings accounts
Find a Branch , Opens in a new tab

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
Learn more about business CDs
Find a Branch , Opens in a new tab

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
Learn more about commercial savings
Find a Branch , Opens in a new tab

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 & transfer money with ACH and wires

Receive account and security alerts

Learn more about business digital banking
Business Digital Banking

Manage your business on the go

Manage your accounts from anywhere

Business Digital Banking

Manage your business on the go

Send & transfer money with ACH and wires

Business Digital Banking

Manage your business on the go

Receive account and security alerts

Learn more about business digital banking

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.

Business savings accounts are similar to personal savings accounts. They're used to store and grow a business's funds. The business places excess money in an interest-bearing savings account with a set return percentage. The type of savings account depends on how often and quickly a business needs to access its funds.

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.

To open a business savings account, you can talk 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.

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
Grow your expertise

Banking

Tips for Choosing a Business Banking Partner

Consider these factors when deciding on a financial partner for your business banking needs.
By opening a business bank account, you'll also start a relationship with a bank to help you achieve different goals as your business grows.
Banking

The Benefits of Relationship Banking

Instead of treating customers as transactions, relationship banking focuses on individual service.
The key to success with relationship banking is a focus on the individual.
Cash Management

Managing Cash Flow Is a Critical Skill

Ensure you have the funds to operate your business.
29% of failures among new businesses occur because they ran out of cash.

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.

NMLSR ID 503941