That’s why you’ll receive a premium rate of interest when you open this account that’s linked to your Business Checking Account.
- Competitive tiered interest rate
- Combined Statements
Business Relationship Savings Rates
Effective Date: Friday May 26, 2023
|Type||Minimum Balance to Open||Minimum Balance to Earn APY*||Interest Rate||APY*|
|Business Relationship Savings1,2,3||$100.00||$0.01||0.08%||0.08%|
* APY is defined to mean Annual Percentage Yield. Rates are subject to change without notice.
1 Interest is compounded daily and credited monthly. The interest rate may change at any time, and may change after the account is open. Transaction limitations apply.
2 Available for new money only, that is, funds that are not currently on deposit in Salisbury Bank and Trust Company. To obtain the APY, Business Relationship Savings requires a linked business checking account.
3 You must maintain an aggregate minimum daily balance of $15,000.00 in any linked Checking, Savings, Money Market Account or Certificate of Deposit to avoid the $15 monthly service charge. Your linked business account(s) must have the same account title and TIN. Certain restrictions may apply, please contact a Customer Associate at 860.596.2444.
Fees may reduce earnings. Please see our separate Fee Schedule for other fees that may apply to this account.
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