Business Savings

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Features
  • Convenient automatic transfers
  • Earns interest at a competitive rate
  • Choose paper or e-statements
  • Optional debit card for easy access

The foundation of your business’s financial planning

M.Y. Safra Bank recognizes that growing a successful company requires advance planning. With a Business Savings Account, you can grow your savings while knowing you're prepared for the future.
With easy multi-channel access and a competitive interest rate, our Business Savings account is an integral resource in creating a financial reserve to take advantage of opportunities or prepare for unexpected expenses.

We make it simple to grow your savings by offering automatic scheduled transfers, which are conveniently managed through our Business Online Banking platform. When it comes time to draw on your reserves, funds in this account are easily transferable to a linked checking account.
$100 minimum to open
For businesses enrolled in the Business Savings account, if the average monthly balance in the account is $1,000 or more the monthly maintenance fee of $10 will be waived.

The Business Savings Account allows for limited "pre authorized" withdrawals. Pre-authorized withdrawals are withdrawals made by check, debit card payment to third parties, telephone, fax and withdrawal transfers via the internet. Withdrawals or transfers initiated at an ATM or at a branch are not pre-authorized, and are unlimited. Exceeding 6 pre-authorized withdrawals per monthly statement cycle will lead to a $15 per item fee. In addition to this fee the account may be closed or converted to an account type which is not subject to withdrawal limitations.
Business Specialty Markets
M.Y. Safra Bank works closely with clients in various industries to identify specific needs and create account structures that accomplish clearly defined goals. 
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