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BUSINESS SAVINGS

The Bank of Washington offers a suite of savings products toBusiness Savings help you chart your company's financial future. Whether you're setting aside funds for those cyclical cash flow needs or planning for a major equipment upgrade, there's an account that's just right. Perhaps you have cash that's earmarked but you're not ready to spend. Our premium money market offers a very competitive rate while keeping your funds liquid.

Click here to compare accounts

 

Savings Account

The foundation account for a smart savings plan, suitable for all business types 1

  • $100 minimum opening deposit
  • Variable interest rate 2
  • Interest compounds daily, pays quarterly 2
  • No monthly service fee with $500 minimum balance
  • Unlimited lobby/ATM transactions
  • Limited to 6 pre-authorized transactions per month

 

Money Market Account

An account with limited check-writing capability plus the benefit of tiered rates 1

  • $100 minimum opening deposit
  • Variable interest rate 2
  • Interest compounds daily, pays monthly 2
  • No monthly service fee with a $2,500 minimum balance
  • Unlimited lobby/ATM transactions
  • Limited to 6 pre-authorized transactions per month

 

Premium Market Account

A versatile, high-yielding account for larger balances 1

  • $100,000 minimum opening deposit
  • Variable interest rate 2
  • Interest comopounds daily, pays monthly 2
  • No monthly service fee with a $100,000 minimum balance
  • Unlimited lobby/ATM transactions
  • Limited to 6 pre-authorized transactions per month

 

Certificate of Deposit

A tiered savings tool with flexible terms from 3 month to 5 years 1

  • $500 minimum opening deposit
  • Tiered interest rates 2
  • Interest compounds daily, pays quarterly 2
  • Flexible investment terms
  • Penalty may apply for withdrawals prior to maturity

 

Business Individual Retirement Account (IRA) CD Options 3

  • Simplified Employee Pension (SEP) Plan
  • Savings Incentive Match Plan for Employees (SIMPLE) Plan

A flexible option for long-term retirement planning for you and your employees

  • $500 minimum opening deposit
  • Tierred interest rates 2
  • Interest compounds daily, pays quarterly 2
  • Flexible investment terms
  • Available as SEPs or SIMPLE IRAs

 

To open a new account, we invite you to contact your local branch.

 

1 For more detailed information, a schedule of fees is available from your local branch.

2 For current interest rates, a rate sheet is available from your local branch.

3 Tax advantages may apply; see our "IRAs for Small Business" brochure for more details. Consult your tax advisor for possible tax benefits.

Contact The Bank of Washington - (425) 921-2432
M–Th - 9:00 a.m.–5:30 p.m. | Friday - 9:00 a.m.–6:00 p.m.
       
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