Savings

Business Savings

Save your business' excess funds with the added assurance that they are available to withdraw or transfer at any time.

View All Features

  • Earns a variable rate of interest
  • Free ATM card with 24-hour ATM access
  • $5.00 monthly maintenance fee waived with direct deposit, a $500 average monthly account balance, or combined average balance of $5,000 or more in accounts (Checking, Savings, CD and Money Market)*
  • Make transfers in person, online, by mail, or at an ATM1
  • Online Banking available
  • Offers full liquidity
  • Complete insurance with FDIC and SIF

Business Savings

*Please refer to the Business Fee Schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

1Transaction Limitations: In accordance with federal regulations, transfers from a savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check or similar order to third parties are limited to six per statement cycle.

View Current Rates

Effective Date: Saturday, May 25, 2019

Business Savings

Interest RateAPYOptimum Benefits
Tier III APY1
Optimum Benefits
Tier IV APY2
0.05%0.05%0.06%0.10%

APY=Annual Percentage Yield

$10.00 minimum balance to open and earn APYs. Fees may reduce earnings. Variable rate may change.

1Maintain an average monthly checking balance minimum of $50,000 or maintain an average combined balance minimum (*1) of $100,000 or maintain an average commercial loan or line of credit balance of $250,000 and conducting a minimum monthly transaction (*2) volume of 10 in your Optimum Business Checking to earn +.01% APY bonus.

2Maintain an average monthly checking balance minimum of $100,000 or maintain an average combined balance minimum (*1) of $250,000 or maintain an average commercial loan or line of credit balance of $500,000 and conducting a minimum monthly transaction (*2) volume of 10 in your Optimum Business Checking to earn +.05% APY bonus.

(*1) Average combined balance minimum refers to the average monthly balance of business deposit accounts sharing the same reporting Tax ID number as your Optimum Business Checking anchor account.

(*2) Transactions include, but are not limited to, deposits, deposited items, checks paid, ATM, POS, and ACH Transactions.

Business Money Market

With the tiered interest rate structure of our Business Money Market account, your reserves can work even harder to grow your business' savings. As your balance grows, the interest rate will increase automatically.

View All Features

  • Earns a premium variable rate of interest which increases as your balance grows
  • Monthly maintenance fee of $5 is waived with a $2,500 average daily balance
  • Free ATM or Debit card with 24-hour ATM access
  • Online Banking available
  • Check writing privileges1
  • Complete insurance with FDIC and SIF
  • Make transfers or withdrawals in person, online, by mail, or at an ATM1

Business Money Market

*Please refer to the Business Fee Schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

1Transaction Limitations: In accordance with federal regulations, you will be permitted to make no more than 6 combined pre-authorized, automatic, check or telephone transfers per statement cycle from your Money Market account to another account or third party. If you exceed these restrictions, we may assess an excess fee.

View Current Rates

Effective Date: Saturday, May 25, 2019

Business Money Market

Balance Interest Rate APYOptimum Benefits Tier III APY1Optimum Benefits Tier IV APY2
$0 - $9.990.00%0.00%0.00%0.00%
$10.00 - $24,999.990.50%0.50%0.51%0.55%
$25,000 - $99,999.990.75%0.75%0.76%0.80%
$100,000.00 - $499,999.991.10%1.11%1.12%1.16%
$500,000.00 and above1.70%1.71%1.72%1.76%

APY=Annual Percentage Yield

$10 minimum balance to open and earn Base APY. Fees may reduce earnings. Interest compounded and credited monthly. Variable rate may change after account is opened. Certain other restrictions may apply. Monthly maintenance fee of $5 is waived with a $2,500 average daily balance.

1Maintain an average monthly checking balance minimum of $50,000 or maintain an average combined balance minimum (*1) of $100,000 or maintain an average commercial loan or line of credit balance of $250,000 and conducting a minimum monthly transaction (*2) volume of 10 in your Optimum Business Checking to earn +.01% APY bonus.

2Maintain an average monthly checking balance minimum of $100,000 or maintain an average combined balance minimum (*1) of $250,000 or maintain an average commercial loan or line of credit balance of $500,000 and conducting a minimum monthly transaction (*2) volume of 10 in your Optimum Business Checking to earn +.05% APY bonus.

(*1) Average combined balance minimum refers to the average monthly balance of business deposit accounts sharing the same reporting Tax ID number as your Optimum Business Checking anchor account.

(*2) Transactions include, but are not limited to, deposits, deposited items, checks paid, ATM, POS, and ACH Transactions.

Business Certificate of Deposit (CD)

Safely invest your business' earnings and build your bottomline with a Certificate of Deposit (CD). Select a suitable term length for funds to accrue competitive interest, and never worry about paying a monthly maintenance fee.

View All Features

  • Competitive rates
  • Low minimum balance to open
  • No monthly maintenance fee*
  • Terms from 30 days to 60 months
  • Automatic renewals
  • Complete insurance with FDIC and SIF

Business Certificates of Deposit

*Please refer to the Business Fee Schedule for other fees that may apply to business deposit accounts. All products and fees subject to change without notice.

View Current Rates

Effective Date: Saturday, May 25, 2019

Business Certificates of Deposit

TermMinimum Daily Balance to open & earn APYInterest RateAPYOptimum Benefits Tier III APY1Optimum Benefits Tier IV APY2
3 months$1,0000.05%0.05%0.06%0.10%
6 months$1,0000.26%0.26%0.27%0.31%
12 months$1,0001.00%1.00%1.01%1.05%
13 months$1,0001.98%2.00%2.01%2.05%
18 months$1,0001.24%1.25%1.26%1.30%
19 months$1,0002.37%2.40%2.41%2.45%
24 months$1,0000.70%0.70%0.71%0.75%
36 months$1,0000.85%0.85%0.86%0.90%
48 months$1,0001.14%1.15%1.16%1.20%
60 months$1,0001.98%2.00%2.01%2.05%

APY=Annual Percentage Yield

Penalties may be imposed on early withdrawals. Fees may reduce earnings. Rates are subject to change without notice. $1,000 Minimum balance required to open and earn Annual Percentage Yield (APY). Select terms available for online account opening. 

1Maintain an average monthly checking balance minimum of $50,000 or maintain an average combined balance minimum (*1) of $100,000 or maintain an average commercial loan or line of credit balance of $250,000 and conducting a minimum monthly transaction (*2) volume of 10 in your Optimum Business Checking to earn +.01% APY bonus.

2Maintain an average monthly checking balance minimum of $100,000 or maintain an average combined balance minimum (*1) of $250,000 or maintain an average commercial loan or line of credit balance of $500,000 and conducting a minimum monthly transaction (*2) volume of 10 in your Optimum Business Checking to earn +.05% APY bonus.

(*1) Average combined balance minimum refers to the average monthly balance of business deposit accounts sharing the same reporting Tax ID number as your Optimum Business Checking anchor account.

(*2) Transactions include, but are not limited to, deposits, deposited items, checks paid, ATM, POS, and ACH Transactions.

Icon of a Question Mark with Chat

Have any questions?

Contact Us or Schedule an Appointment.

Would you like to know more about...

Woman taking an image capture of a check.

More time to catch up.

Deposit a check, find free ATMs, check your balance, transfer funds, view recent transactions, and even pay bills, all from the palm of your hand.

Learn More