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.