Business Savings
Save Smarter. Strengthen Your Business.
Built to support your goals.
A Meridian Trust business savings account helps you keep your cash working while you focus on running your organization. You get steady growth, simple access to your funds and personal guidance from people who know your business and your community.
Open a savings account
Here’s what you’ll need to get your business account set up.
- Letter of Assignment of EIN from the IRS
- Certificate of Good Standing
- ID Information, SSN and Address of all individuals who own or control more than 25% of the business
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Current Rates
Minimum Opening Balance | Minimum Balance to earn APY* | Dividend Rate | APY* |
|---|---|---|---|
Minimum Opening Balance $10 | Minimum Balance to earn APY* $100 | Dividend Rate 0.05% | APY* 0.05% |
*APY=Annual Percentage Yield. Rates may change without notice. Rates above are effective as of December 5, 2022. Fees could reduce the earnings on the account. Membership required.
Term | Minimum Opening Balance | Minimum Balance to Earn APY | Dividend Rates | APY* |
|---|---|---|---|---|
Term 6 months | Minimum Opening Balance $500 | Minimum Balance to Earn APY $500 | Dividend Rates 3.40% | APY* 3.45% |
Term 12 months | Minimum Opening Balance $500 | Minimum Balance to Earn APY $500 | Dividend Rates 3.26% | APY* 3.31% |
Term 18 months | Minimum Opening Balance $500 | Minimum Balance to Earn APY $500 | Dividend Rates 3.16% | APY* 3.21% |
Term 24 months | Minimum Opening Balance $500 | Minimum Balance to Earn APY $500 | Dividend Rates 3.06% | APY* 3.10% |
Term 30 months | Minimum Opening Balance $500 | Minimum Balance to Earn APY $500 | Dividend Rates 3.06% | APY* 3.10% |
Term 36 months | Minimum Opening Balance $500 | Minimum Balance to Earn APY $500 | Dividend Rates 3.06% | APY* 3.10% |
Term 48 months | Minimum Opening Balance $500 | Minimum Balance to Earn APY $500 | Dividend Rates 3.11% | APY* 3.15% |
Term 60 months | Minimum Opening Balance $500 | Minimum Balance to Earn APY $500 | Dividend Rates 3.20% | APY* 3.25% |
*APY=Annual Percentage Yield. Rates may change without notice. Rates above are effective as of September 1, 2025. Special promotional rates may not be combined with other offers. A penalty may be imposed for withdrawals before maturity. If your certificate has an original maturity of 12 months or less, the penalty will equal 90 days’ worth of dividends on the amount withdrawn, whether earned or not. If your certificate has an original maturity greater than 12 months, the penalty will equal 180 days’ worth of dividends, whether earned or not. Fees could reduce the earnings on the account. $500 minimum deposit. Share Certificates may be added to in $100 increments up to an additional $5,000 during the term of the certificate. Pay monthly. Membership required.
Balance | Dividend Rate | APY1 |
|---|---|---|
Balance $0 - $2,499 | Dividend Rate 0.05% | APY1 0.05% |
Balance $2,500 - $9,999 | Dividend Rate 0.25% | APY1 0.25% |
Balance $10,000 - $24,999 | Dividend Rate 0.30% | APY1 0.30% |
Balance $25,000 - $49,999 | Dividend Rate 0.35% | APY1 0.35% |
Balance $50,000 - $99,999 | Dividend Rate 0.40% | APY1 0.40% |
Balance $100,000 - $149,999 | Dividend Rate 0.99% | APY1 1.00% |
Balance $150,000+ | Dividend Rate 2.22% | APY1 2.25% |
1Annual Percentage Yield.
Rates may change without notice. Rates above are effective as of February 1, 2024. Money Market accounts are Tiered Rate accounts. For these accounts, if the balance falls within the range for a particular tier, the dividend rate applicable to that tier will apply to the full balance in the account. Fees could reduce the earnings on the account. Membership required.
Business Yield Wise Money Market Account
- Best for all size businesses including corporations, governments, and investors wanting to meet short term funding and liquidity needs
- $500 opening deposit
- Maintain a $1500 average daily balance to avoid fees
- $15 monthly fee if balance falls below $1500
- Excessive debit fee $5 charged for each item exceeding (6) per stmt cycle
- Dividends compounded and paid monthly depending on account balance.
- Business debit card not applicable
- No bill pay
Your next financial step.
Whether you’re buying, saving, or planning ahead, we’ll help you move confidently toward what’s possible.
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DISCLOSURES: **APY=Annual Percentage Yield. For these accounts, the APY for tier will apply only to the portion of the account balance that is within that tier. The APY, which will vary depending on the balance in the account, is shown for each tier. Total interest paid on these accounts is the sum from each tier resulting in a “Blended APY” as disclosed on the rates and service charges document and product details page. A monthly qualification cycle begins on the first day of the statement cycle and ends on the last day of the statement cycle. Limit one Reverse Tier Money Market Account per primary Social Security Number. Certain withdrawal limits apply to Money Market accounts, be sure to review your Membership and Account Agreement Disclosure for details. Credit Union membership required. If you’re not already a member, it’s easy to qualify. Ask to join today! Federally insured by the NCUA.