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Business Savings

Business Banking

Save Money to Make Money

Save smarter with a Business Savings Account from The Bank of Salem. All businesses are eligible for this deposit account. Nonprofit organizations and government agencies enjoy further benefits.

Business Savings Account Features

  • Minimum opening balance: $100.00
  • Minimum daily balance: maintain $100.00 or more to avoid $5.00 quarterly fee
  • Interest paid quarterly to depositors who have maintained an average balance of $100.00 or more during the quarter
  • Rates of interest established each month based on prevailing market conditions
  • Nonprofit organizations and government agencies exempt from maintenance fee and paid interest regardless of minimum quarterly balance

How to Enroll

Visit your nearest branch or call 573-729-3137.

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