Business Savings

A hassle-free savings account option to help your business stay ahead.

You need a safe place to stow your business savings. You also need to easily access and manage your money. A Meridian Trust Business Savings Account is just the thing.

Business Savings Rates

Business Savings Account

Minimum Opening Balance

Minimum Balance to earn APY*

Dividend Rate

APY1

1Annual Percentage Yield.

Rates may change without notice. Rates above are effective as of May 1, 2021. Fees could reduce the earnings on the account. Membership required.

Minimum Opening Balance

$10

Minimum Balance to earn APY*

$100

Dividend Rate

0.05%

APY1

0.05%

Business Certificates

Term

Minimum Opening Balance

Minimum Balance to Earn APY

APY1

1Annual Percentage Yield.

Rates may change without notice. Rates above are effective as of May 1, 2021. Members 60 years old or better receive an additional 0.10% increase on all new share certificates on any non-special certificate rates. 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has an original maturity of 12 months or less, the penalty will equal 90 days’ worth of dividends on the amount withdrawn, whether earned or not.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. Compounded quarterly. Membership required.

Term

6 months

Minimum Opening Balance

$500

Minimum Balance to Earn APY

0.05%

APY1

0.05%

Term

12 months

Minimum Opening Balance

$500

Minimum Balance to Earn APY

0.350%

APY1

0.35%

Term

18 months

Minimum Opening Balance

$500

Minimum Balance to Earn APY

0.399%

APY1

0.40%

Term

24 months

Minimum Opening Balance

$500

Minimum Balance to Earn APY

0.499%

APY1

0.50%

Term

30 months

Minimum Opening Balance

$500

Minimum Balance to Earn APY

0.599%

APY1

0.60%

Term

36 months

Minimum Opening Balance

$500

Minimum Balance to Earn APY

0.698%

APY1

0.70%

Term

48 months

Minimum Opening Balance

$500

Minimum Balance to Earn APY

0.798%

APY1

0.80%

Term

60 months

Minimum Opening Balance

$500

Minimum Balance to Earn APY

0.897%

APY1

0.90%

Business Money Market Account

Balance

Dividend Rate

APY1

1Annual Percentage Yield.

Rates may change without notice. Rates above are effective as of May 1, 2021. 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. Penalty may be imposed for early withdrawal. Special promotional rates may not be combined with other offers. Fees could reduce the earnings on the account. Membership required.

Balance

$0 - $2,499

Dividend Rate

0.05%

APY1

0.05%

Balance

$2,500 - $9,999

Dividend Rate

0.10%

APY1

0.10%

Balance

$10,000 - $24,999

Dividend Rate

0.20%

APY1

0.20%

Balance

$25,000 - $49,999

Dividend Rate

0.25%

APY1

0.25%

Balance

$50,000 - $99,999

Dividend Rate

0.30%

APY1

0.30%

Balance

$100,000+

Dividend Rate

0.349%

APY1

0.35%

What you need to open a Business Account

  1. Letter of Assignment of EIN from the IRS
  2. Certificate of Good Standing
  3. ID Information, SSN and Address of all individuals who own or control more than 25% of the business

See what else you need with our handy checklist

Open a business savings account today

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