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:
- Free, secure access to Business Online Banking
- Free Online Statements
| How much do I need to deposit to open the account? | $100 | $1,000 | $5,000 |
| Is there an account service charge? | $4.50 per quarter | $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 view rates |
Yes Three tiers of interest view rates |
Yes Five tiers of interest view rates |
| How many withdrawals can I make each month? | Unlimited ATM and in-person withdrawals, up to six per month by other means | 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 Business Savings and Performance Indexed accounts.
- 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.
