Business Savings Accounts A savings account requires a minimum opening deposit for $2,500. There is a minimum balance required to avoid quarterly fee. Pre-authorized transfers or withdrawals are limited to six per statement.
Business Certificate of Deposits (CDs)
A CD is great place to set aside money that you do not need to keep accessible. CDs generally pay higher interest rates than you would earn on either savings or checking accounts. Both types of business CDs are available for corporations, partnerships, sole proprietorships, and associations. Minimum opening deposit is $2,500.¹
Night Deposit Drop
Working late but need to make a deposit after the bank closes? Our night drop service allows you to drop your deposits in our secure safe. There are night drop boxes available at our South Miami, Falls and Coral Gables office, with three convenient locations at our South Miami office. So you can vary not just the time you make deposits, but the location too. You can come in the following day and process your deposit or we will do it for you. Locking bags are available for purchase.
¹ A penalty will be imposed for early withdrawal