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Business Savings Accounts

Baker Boyer offers two savings account options to its business clients. A summary of features is listed below. If you'd prefer, you may view or print a one-page summary chart here.  

Business Savings

  • Opening Balance: $100
  • Service Charge: $5 monthly service charge, waived with a minimum daily balance of $400
  • Other Account Fees: No Baker Boyer-imposed fee for the ATM transactions. Excessive savings account withdrawals $5 each after 6**
  • Interest: Interest is earned daily and paid quarterly on collected balance

Business Money Market Gold

  • Opening Balance: $5,000
  • Service Charge: $15 monthly service charge, waived with a minimum daily balance of $5,000
  • Other Account Fees: No Baker Boyer-imposed fee for the ATM transactions. Excessive savings account withdrawals $5 each after 6**
  • Interest: Interest is earned daily and paid monthly on collected balance. Rates are subject to change daily. Interest-based on current ledger balance tiers***


**Excessive withdrawal fee applies when the account exceeds 6 pre-authorized third party withdrawals per statement period (if not more than 31 days). If statement period is
quarterly, 6 pre-authorized withdrawals are allowed per calendar month.

Savings accounts are limited to six pre-authorized transfers, checks to a third party, or automatic transfers (such as mortgage or insurance payments) per statement cycle. We reserve the right to not pay accrued interest if account is closed prior to payment date.

***Interest Balance Tiers

$0 to $24,999.99

$25,000.00 to $49,999.99

$50,000.00 to $99,999.99

$100,000.00 to $249,999.99

$250,000.00 and over