Business Savings

Features

Discovery Business Savings

Discovery Business Money Market

Discovery Business Star Money Market

Minimum Opening Balance:

$100

$500

$75,000

Monthly Service Fee

$3

$10

$20

Minimum Balance Required to Waive Monthly Service Fee

Daily balances of $100, average balances of $500, or combined balances of $10,000.

Daily balances of $5,000, $7,500 average balances, or $10,000 in combined account balances.

$75,000 minimum or average balance

Interest Rates

Account earns market interest rates on total collected balances on a tiered schedule.

Account earns market interest rates on total collected balances on a tiered schedule.

Higher balance tiers may earn higher interest.

Transaction Limitations

Three pre-authorized automatic or telephone transfers per statement cycle.  Unlimited over the counter withdrawals.

Six transfers per statement cycle, pre-authorized, automatic transfer or by telephone.  Three may be checks, draft, debit card or similar order, including POS. 

Six transfers per statement cycle, pre-authorized, automatic transfer or by telephone.  Three may be checks, draft, debit card or similar order, including POS. 

Additional Features & Options

Combined statement option, ATM access.

Transfers and withdrawals made in person, by messenger, by mail or at any proprietary ATM are unlimited.

Requires a Discovery Bank checking account with a minimum opening deposit of $25,000.

Excess Transaction

$5

$5

$10