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Business Savings Accounts

Business Savings Accounts

At Kensington Bank we understand local community businesses because hey, we’re one too! It is important to save for future expenses, emergencies, and to fill cash flow gaps should they occur.   That’s why Kensington bank offers two different options to save for your business with competitive rates, and easy accessibility.

See chart below for details.

Business Money Market SavingsBusiness Basic Savings


Account Requirements

Business Money Market Savings


None

Business Basic Savings


None


Minimum Opening Deposit

Business Money Market Savings


$2,500

Business Basic Savings


$25


Minimum Daily Balance

Business Money Market Savings


$2,500

Business Basic Savings


$25


Interest Rate

Business Money Market Savings


Tiered based on daily balance

$0 - $24,999
$25,000 - $99,999
$100,000+

Business Basic Savings


Variable Annual Percentage Yield


Fall Below Fee

Business Money Market Savings


$5 Monthly Fee if minimum daily balance not met

Business Basic Savings


$5 Quarterly Fee if minimum daily balance not met


Additional Benefits

Business Money Market Savings


Free Digital Banking

Business Basic Savings


Free Digital Banking
  1. $5 monthly Bill Pay inactivity fee after 60 days.
  2. Subject to approval.
  3. Fees may apply.

High Balance Rewards Package

  • Remote Deposit: No set up fee, no monthly scanner rental fee, no monthly service fee or transaction fees.
  • Payroll Processing: No monthly fees
  • Gift Cards: Up to 10 per year with no fee
  • Safe Deposit: Free Box (subject to availability)

*If your daily balance falls below $150,000, the following fees will apply that month:
Remote Deposit + $20 scanner rental fee + $50 monthly service fee + $.07 transaction fees; Payroll Processing + $20 per month.

Cash Management Tools

We offer a comprehensive array of cash management tools to help you manage your finances – free online banking, free online bill pay, free mobile banking & mobile deposit, payroll processing, ACH origination, sweep options, remote deposit capture, merchant card processing, credit and debit cards, health savings accounts, retirement accounts and more. See chart for more details and talk with a banker to learn how these tools can meet your business needs.

Loans, Lines of Credit & More

When you need additional funds for your business, talk with us. We offer a variety of financing options to help you manage your cash flow needs, make purchases, fund your growth, acquire property and more – business loans & lines of credit, commercial real estate loans, equipment loans, agricultural loans – we want to partner with you to help you create greater success for your business.

Stop by any of our offices ->Link to locations page or give us a call at 800-550-2146 to make an appointment with a Universal Banker to learn more.


Stop by any of our offices, give us a call at (866) 965-2419, or contact us.

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