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Business Savings Accounts:
Beacon Federal offers the following features with our Business Savings Accounts.
- Free Debit or ATM Card
- Free Business Internet Banking
- Total Teller 24/7 Service Line: (1-888-256-3800)
- $100 minimum balance requirement
- $2.00 monthly maintenance fee if average balance drops below $100
- Variable interest rate (rate subject to change at management’s discretion)
- Interest compounded monthly
Business Money Market Savings Accounts:
Beacon Federal offers the following features with our Money Market Savings Accounts:
- Free Debit or ATM Card
- Free Business Internet Banking
- Total Teller 24/7 Service Line: (1-888-256-3800)
- $2500 minimum balance required to open account
- $2.00 monthly maintenance fee if average balance drops below $100
- 3 free withdrawals per month and $5.00 for each withdrawal in excess of 3
- Variable interest rate (rate subject to change at management’s discretion)
- Interest compounded monthly
- Rates are tiered:
Tier |
Money Amount |
1 |
$0-$4,999.99 |
2 |
$5,000-$9,999.99 |
3 |
$10,000-$24,999.99 |
4 |
$25,000-$49,999.99 |
5 |
$50,000-$99,999.99 |
4 |
$100,000 and above |
Business Premier Money Market Accounts:
Beacon Federal offers the following features with our Business Premier Money Market Accounts:
- Free Debit or ATM Card
- Free Business Internet Banking
- Total Teller 24/7 Service Line: (1-888-256-3800)
- $10,000 minimum balance required to open account
- 3 free withdrawals per month and $5.00 for each withdrawal in excess of 3
- Variable interest rate (rate subject to change at management’s discretion)
- Interest compounded monthly
Escrow Accounts
When you are temporarily responsible for funds belonging to your clients, you want a banking partner that you can trust. Beacon currently offers
IOLA accounts only in New York and Texas.
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