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Business

Business Savings + Money Market

Northrim Bank offers a variety of business savings options to satisfy your company's unique financial needs. For your convenience, all of our business savings accounts include:

How much do I need to deposit to open the account? $100 $1,000 $5,000
Is there an account service charge? $1.50 per month $6.00 per month $10.00 per month
How can I avoid the account service charge? Keep your average daily collected balance above $100 Keep your minimum balance above $2,000 Keep your average daily collected balance above $5,000
Does this account earn interest? Yes
Three tiers of interest
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Yes
Three tiers of interest
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Yes
Five tiers of interest
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How many withdrawals can I make each month? Unlimited in-person withdrawals, up to six per month by other means (ATM access not offered) Unlimited in-person withdrawals, up to six per month by other means (ATM access not offered) Unlimited ATM and in-person withdrawals, up to six per month by other means
Is there a fee if I make additional withdrawals? $5.00 each $5.00 each $5.00 each

Understand Your Account

We want to cover all the bases and ensure you understand your new account 100%

  • "Excess Withdrawal" is defined as more than six debits per month for Business Savings, Money Market, and Performance Indexed (does not include ATM or in-person withdrawals). Excess withdrawal fee is $5.00 each.
  • ATM access offered on the Performance Indexed account.
  • Option to write checks on the Money Market account.
  • Statements are issued monthly. Business Savings and Performance Indexed accounts have the option to combine with your checking account statement.
  • Interest accrues daily and is paid monthly on the Money Market and Performance Indexed accounts. Interest accrues daily and is paid quarterly on the Business Savings account.
  • The Northrim Bank Deposit Account Agreement, Disclosures, Rules and Regulations and Electronic Banking Rules and Regulations apply to your new account. Refer to Northrim's Business Fee Schedule for more details on other service fees.

 

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