Savings

In business banking, a savings account is a critical component of an overall financial plan, and an excellent way to build your capital, and put excess funds to work. Use our comparison chart to find the business savings account that best fits your business needs or contact us today to find out which one is right for you.

If you are interested in opening a savings account with us, please visit one of our branch locations most convenient to you.
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There will be a $25.00 fee for accounts closed within 90 days of opening.
Fees may be subject to state and local taxes, which vary by location.

 

Simply Savings

WestStar Simply Savings is an interest bearing account with a low opening deposit to help jump start your business savings. In addition to a competitive interest rate, you’ll receive six free withdrawals per month1 and quarterly statements.

  • Minimum Opening Balance: $100
  • Minimum Balance to Avoid Service Charge: $3002
  • Monthly Service Fee if Balance Falls Below Minimum: $5
  • Interest Bearing: Compounded daily and paid monthly.

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Money Market Savings

With a Money Market Savings account from WestStar, you’ll enjoy competitive interest rates without tying up your company’s money for a set amount of time. In addition to tiered interest rates, this account includes free online banking, an ATM card, and six withdrawals or transfers per month1 .

  • Minimum Opening Balance: $100
  • Minimum Balance to Avoid Service Charge: $1,0002
  • Monthly Service Charge: $10
  • Interest Bearing: Paid monthly on the daily collected balance.

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(1) Withdrawals from a Simply Savings or Money Market Savings are limited to six during a calendar month. A $10 fee will be assessed for each withdrawal in excess of six. Withdrawals include transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer, telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.
(2) Simply Savings: The monthly service fee of $5 is waived if a minimum balance of $300 is maintained. Money Market Savings: The monthly service fee of $10 is waived if a minimum monthly balance of $1,000 is maintained.
(3) Cellular carrier message rates and data rates may apply.