Exchange Bank Business Savings Accounts
Put idle business cash to work. Exchange Bank business savings and money market accounts earn competitive interest while keeping funds accessible for operational needs, tax reserves, and capital planning.
Exchange Bank offers two FDIC-insured business deposit vehicles for accumulated cash: the Business Savings Account, a straightforward interest-bearing account suited for reserve funds, and the Business Money Market Account, which offers higher APY tiers based on balance and up to six monthly withdrawals. Both accounts integrate with Exchange Bank business checking for sweep transfers. For rates and account opening, call (800) 397-3962. FDIC insured up to $250,000 per depositor. NMLS #480228.
Account Comparison
Business Savings vs. Business Money Market at Exchange Bank
Both accounts are FDIC insured and accessible through your online banking dashboard. The money market account rewards larger balances with tiered APY rates and check-writing capability.
| Feature | Business Savings Account | Business Money Market Account |
|---|---|---|
| APY | 0.45% (on all balances) | Up to 1.75% (tiered by balance) |
| Minimum Opening Balance | $100 | $2,500 |
| Monthly Fee | $5 (waived with $300 avg daily balance) | $15 (waived with $5,000 avg daily balance) |
| Monthly Transaction Limit | 6 withdrawals per month | 6 withdrawals per month |
| Excess Transaction Fee | $10 per transaction over limit | $15 per transaction over limit |
| Check Writing | Not available | Available (limited checks per month) |
| Sweep Integration | Available (manual or automated) | Available (automated overnight sweep) |
| FDIC Coverage | Up to $250,000 per depositor | Up to $250,000 per depositor |
APY accurate as of publication. Rates subject to change without notice. For current rates, call (800) 397-3962. FDIC insurance information available at fdic.gov.
Separate Reserves from Operating Cash — and Earn While You Wait
Most small business owners keep too much cash sitting in a non-interest-bearing checking account. An Exchange Bank business savings account addresses that directly. Funds held for quarterly tax payments, annual insurance premiums, or seasonal payroll swings can sit in savings earning interest until the exact moment they are needed.
The discipline of separating reserve cash from operating cash also makes it easier to assess true business profitability. When you can see your checking balance without the noise of a six-month tax reserve mixed in, cash flow decisions get clearer. Exchange Bank's online banking consolidates both accounts on a single dashboard without combining the balances.
- Earn interest on tax reserves, emergency funds, and capital buffers
- Linked to business checking for easy internal transfers
- Automated sweep moves excess checking balances daily
- Separate account labels keep funds organized by purpose
- Seven-year eStatement archive supports tax and audit needs
Higher Balances Earn Higher Rates with Business Money Market
The Exchange Bank Business Money Market Account uses a tiered APY structure. Balances below $25,000 earn the base rate. Balances between $25,000 and $99,999 earn a mid-tier rate, and balances of $100,000 or more earn the top published rate. This makes the money market account particularly valuable for businesses that accumulate larger cash reserves between investment decisions or equipment purchases.
Unlike a standard savings account, the business money market account at Exchange Bank includes limited check-writing capability. This is useful for businesses that need to issue an occasional large payment — an annual insurance premium or a vendor deposit — directly from their reserve account without moving funds to checking first.
- Tiered APY — earn more as your balance grows
- Check-writing for reserve fund disbursements
- Automated overnight sweep integration available
- FDIC insured up to $250,000 per depositor
FAQ
Exchange Bank Business Savings — Common Questions
What business owners ask most about FDIC coverage, transaction fees, and savings account strategy.
Are Exchange Bank business savings accounts FDIC insured?
Yes. Exchange Bank business savings accounts are FDIC insured up to $250,000 per depositor, per ownership category. A business account and its owner's personal accounts are treated as separate ownership categories, so each may qualify for up to $250,000 in separate FDIC coverage. For detailed coverage rules, visit fdic.gov/resources/deposit-insurance.
What happens if my business savings account exceeds the transaction limit?
Exchange Bank charges an excess transaction fee of $10 per withdrawal beyond the six-per-month limit on business savings accounts, and $15 per excess withdrawal on business money market accounts. Repeated excess activity may result in conversion of the account to a non-interest-bearing business checking account. Automated sweep transfers typically do not count toward this limit — confirm with your banker.
Does Exchange Bank offer sweep accounts for businesses?
Yes. Exchange Bank offers automated sweep arrangements that move excess balances from a business checking account into a linked savings or money market account overnight. This maximizes interest earnings on idle cash without requiring manual transfers. Sweep services are available on Business Advantage and Commercial checking tiers. See Treasury Management for full details.
What is the difference between an operational savings account and a reserve savings account?
An operational savings account holds short-term cash buffers — funds that may be needed within 30 to 90 days for payroll, vendor payments, or unexpected expenses. A reserve savings account holds longer-term funds such as quarterly tax obligations, capital expenditure budgets, or emergency cash, typically earning a higher yield and accessed less frequently. Exchange Bank allows businesses to label separate savings accounts by purpose through online banking.
Can my business open multiple savings accounts at Exchange Bank?
Yes. Exchange Bank allows businesses to maintain multiple savings accounts for different purposes — one for tax reserves, one for payroll buffers, and one for capital reinvestment, for example. Each account appears in a single online banking login with separate account nicknames for clarity. Call (800) 397-3962 to discuss the right account structure for your business.
Related Services
More Exchange Bank Business Banking Solutions
Savings accounts work best as part of a complete business banking setup.
Business Checking
The operational hub for your business cash — link to savings for overdraft protection and sweep transfers.
View Checking →Treasury Management
Automated sweep, ACH origination, and positive pay for businesses that want full cash flow control.
Explore Treasury →Business Loans
Lines of credit, term loans, and equipment financing when savings aren't enough for growth capital.
See Loan Options →Merchant Services
Collect payments faster with next-day funding deposited directly into your Exchange Bank checking account.
Payment Processing →Start Earning on Your Business Cash with Exchange Bank
Open a Business Savings or Business Money Market account today. Call (800) 397-3962 or visit a branch. FDIC insured up to $250,000. NMLS #480228. Equal Housing Lender.