This straightforward business savings account can help put your business in a position to take advantage of opportunities when they arise.
Business Statement Savings
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Be prepared for anything.
Save for emergencies as well as specific goals. Enjoy a competitive interest rate and a free business savings account if you maintain the minimum daily balance.
Key Features
Competitive Interest
Free Digital Banking1
No Monthly Fees
What are the Benefits of a Business Statement Savings?
This basic savings account is great for businesses of all sizes.
- Set aside for a wide range of business needs or simply a rainy day
- Competitive interest paid and compounded quarterly
- Waive the $5 quarterly fee by maintaining a minimum daily balance of $100
- 6 electronic withdrawals allowed per month; unlimited ATM or in-person withdrawals
- Direct deposit available
- Free business digital banking
- Free ATM card
- $100 minimum deposit to open
Open a Business Statement Savings Account
West Shore Bank has been Making a Difference Since 1898. For over a century, West Shore Bank has remained committed to helping the people and businesses in Michigan improve their financial well-being. Visit one of our nine locations in Ludington, Frankfort, Hart, Manistee, Onekama, Scottville, or Traverse City.
Apply now to open a Business Statement Savings account(Opens in a new Window)(Opens in a new Window) and enjoy all the digital services you want with your business checking, such as digital banking and treasury management services.
1Standard text messaging and data plan rates may apply. Consult your mobile service provider for details on specific fees and charges that may apply.
FAQs
What is a Business Statement Savings account at West Shore Bank?
A Business Statement Savings account at West Shore Bank is a straightforward savings option designed to help businesses set aside funds for emergencies or specific goals. With competitive interest rates and no monthly fees when you maintain a minimum daily balance, it’s a smart choice for businesses of all sizes.
What are the key features of the Business Statement Savings account?
Our Business Statement Savings account offers a range of key features, including competitive interest that is compounded quarterly, free digital banking, and an ATM card. You can also make six electronic withdrawals monthly and enjoy unlimited ATM or in-person withdrawals, all tailored to meet the needs of our local business community.
How can I avoid the quarterly fee on my Business Statement Savings account?
To waive the $5 quarterly fee on your Business Statement Savings account, simply maintain a minimum daily balance of $100. This way, you can save effectively while enjoying the benefits of your account without extra costs.
Can I access my Business Statement Savings account online?
Absolutely! At West Shore Bank, we provide free digital banking services that allow you to manage your Business Statement Savings account online. You can easily monitor your savings, make transactions, and access your account information from anywhere.
What is the minimum deposit required to open a Business Statement Savings account?
To open a Business Statement Savings account at West Shore Bank, you will need a minimum deposit of $100. This initial deposit helps you start saving for your business goals right away in our local community.
How do I make deposits to my Business Statement Savings account?
Deposits to your Business Statement Savings account can be made through various convenient methods, including direct deposit, remote deposit, electronic transfers, or in-person at any of our nine locations across West and Northern Michigan. We’re here to help you simplify your banking experience!
What benefits come with the Business Statement Savings account?
The Business Statement Savings account provides several benefits, including competitive interest rates, free digital banking, and the ability to make six electronic withdrawals each month. It’s designed to support the financial needs of local businesses in Ludington and beyond.
Is my money safe in a Business Statement Saving account at West Shore Bank?
Yes, your funds in a Business Statement Savings account are FDIC-insured, meaning they are backed by the full faith and credit of the U.S. Government. At West Shore Bank, your financial security is our top priority.
What support does West Shore Bank offer to businesses?
West Shore Bank is dedicated to supporting local businesses in Michigan. We offer a range of financial services, including the Business Statement Savings account, along with treasury management services and financial expertise to help you succeed.
Can I manage my Business Statment Savings account through a mobile app?
Yes! West Shore Bank offers a mobile banking app that allows you to manage your Business Statement Savings account on the go. You can check your balance, transfer funds, and access your account anytime, making banking convenient for your busy lifestyle.
What types of businesses can benefit from a Business Statment Savings account?
The Business Statement Savings account is designed for businesses of all sizes, from small local shops to larger enterprises. Whether you're saving for a rainy day or specific goals, this account can help your business thrive in our local economy.
How can I contact West Shore Bank for more information?
For more information about the Business Statement Savings account or any other services, feel free to contact us at (888) 295-4373 or visit any of our branch locations. We’re here to help you with all your banking needs!
How does West Shore Bank suppor the local community?
West Shore Bank has been proudly making a difference in our community since 1898. We are deeply committed to supporting local businesses and families by providing personalized banking services that cater to the unique needs of customers.
Smarter Banking for Your Employees
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