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Business Savings

Account options that help reach your business goals.

Our business savings accounts include:

Find Your Best-Fit Savings Account

Basic Business Savings

Best for companies with smaller balances.

Interest1

Paid when the minimum daily balance is met

Monthly Fee2

$5 if the minimum daily balance is not met

Minimum Daily Balance

$50

Transaction Charge

5 free withdrawals per month, then $1.00 per withdrawal

Statements
  • Paired with a Business Checking Account: Monthly
  • Not Paired: Quarterly

Preferred Business Savings

Best for companies with larger balances.

Interest1

Variable rate based on the following minimum balances:

  • $1,000
  • $10,000
  • $25,000
Monthly Fee2

$10 if the minimum daily balance is not met

Minimum Daily Balance

$1,000

Transaction Charge

5 free withdrawals per month, then $1.00 per withdrawal

Statements
  • Paired with a Business Checking Account: Monthly
  • Not Paired: Quarterly

Investor Savings

Higher-yield savings for when you can save $25,000+

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Interest1

Variable rate based on the following minimum balances:

  • $0
  • $250,000
  • $25,000
  • $1,00,000
  • $100,000
  • $5,000,000
Monthly Fee2

$25 if the minimum daily balance is not met

Minimum Daily Balance

$25,000 to avoid the monthly fee

Transaction Charge

6 free transfers or pre-authorized withdrawals per month, 3 of which may be made via check

Statements

Monthly

Certificates of Deposit3

Term accounts with competitive rates and guaranteed interest

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Interest

Fixed-rate based on the following account terms:

  • 91 Day
  • 12 Months
  • 36 Months
  • 182 Day
  • 18 Months
  • 48 Months
  • 9 Months
  • 24 Months
  • 60 Months
Monthly Fee2

None

Minimum Daily Balance

$500 minimum is required to open an account

Money Market

Earn more on your business funds while keeping them within reach—offering flexibility, stability, and competitive returns.

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Meet the Banking Team

Meet our experienced banking professionals dedicated to serving our clients, businesses, and local community.

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Certificates of Deposit

Have cash you won’t need immediately? A certificate of deposit provides stable, predictable growth over a fixed timeframe.

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More For Your Business

Business Checking

Accounts designed to support your business growth.

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Business Lending

Financing built to support your business expansion needs.

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Treasury Management

Streamline cash flow and manage finances with confidence.

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All business savings accounts require a $100 opening balance. CD accounts require a $500 opening balance.
1 Interest will be compounded and paid monthly based on the daily collected balance. Refer to our deposit account rates for current rate information. At our discretion, interest may change daily. Interest begins to accrue no later than the business day we receive credit for the deposit of checks.
2 Other charges may apply to these accounts; see the separate miscellaneous fee schedule.
3 Additional account qualifications and requirements may apply. A withdrawal of interest prior to maturity will reduce earnings. Interest rates on CDs are fixed rates and are paid for the term of the deposit until maturity. Additional deposits before maturity are not permitted except for the IRA CD, which allows additional deposits of a minimum of $50.00. Penalty for early withdrawal may apply. Please refer to your CD for additional terms and conditions that may apply.

Build A Better Future.

We’re here to make your relationship with money simpler and more meaningful, helping you reach the future you’re aiming for.

ABOUT DRAKE BANK