![]() ![]() $15 monthly maintenance fee if daily average balance falls below $2,500.Ĭore Advantage is meant for more advanced businesses. You’ll get 200 free transactions per month, though owe $0.30 per item above that.Ĭore Plus allows for 300 transactions before charging a fee, though has a The Apple Federal Credit Union Core Checking, for instance, doesn’t charge a monthly maintenance fee or minimum balance requirement, and only demands $50 to open an account. ![]() You’ll receive 1.85% on balances of less than $100,000, and 2.35% on balances between $100,000 and $1 million.Īpple Federal Credit Union offers three checking accounts (Core, Core Plus and Core Advantage) aimed at small businesses. The EverBank Business Money Market Account pays a yield up to 1.35%, though that’s just on balances above $1 million. Be sure to read the fine print so you don’t get hit with a surprise bill.Įverbank’s savings products offer competitive yields, especially the 4.75% on its 12-month CD on the EverBank Business certificates of deposit. Some accounts have a set number of free transactions before the fees kick in. The accounts can charge fees between $0.14 and $0.35 per transaction. One thing to be aware of when opening a business checking account with Everbank is the transaction fees. The Non-Profit Checking earns between 1.35% to 2.10% APY, depending on your balance. ![]() The Small Business Checking earns a yield of 0.50% The Business Interest Checking earns 0.55% APY on balances from $100,000 to under $1 million. The Small Business Checking, Business Interest Checking and the Non-Profit Checking all earn interest. Neither the Small Business Checking nor the Business Analysis Checking impose a monthly fee, but the $14.95 monthly maintenance fee (waived if average daily balance is at least $5,000) on the other accounts. All five require a minimum balance of $1,500. You’re better off parking your cash in the Business Interest Checking account, which does make life easier, though that rate is much less than what you can find on the best business savings products elsewhere.ĮverBank offers five different business checking accounts, including the EverBank Business Checking, EverBank Small Business Checking, EverBank Business Interest Checking, EverBank Business Analysis Checking and EverBank Non-Profit Checking. The top yield among Axos’s four business savings accounts, and eight CD terms, is just 0.20%. The business savings products, including CDs, offer uncompetitive yields, especially in this high-rate environment. ![]() There’s a $10 monthly maintenance fee which can be waived with a $5,000 minimum average daily balance.īoth accounts, however, will reimburse you for all out-of-network ATM fees. The latter offers a yield of 0.10% to 1.01% APY, depending on the account balance.There is a $100 minimum opening deposit requirement. The former doesn’t offer a yield, but you won’t have to pay a monthly maintenance fee, along with many other charges, or worry about a minimum balance requirement. Axos offers different versions of its mainstay business accounts, giving savers the option to pick the best option for them.įor instance, there’s the Axos Bank Basic Business Checking and Axos Bank Business Interest Checking accounts. ![]()
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