Savings overview
Compare Sky Business Savings, Money Market, and CDs on one page with rates and fee waivers disclosed on the overview.
Learn moreSky Business Savings
Simple savings for bills, buffers, and steady growth. Build your balance with transparent rates, flexible maintenance fee waivers, and clearly defined transfer limits—fully detailed in your Truth in Savings disclosure before funding.
- Deposit up to 20 items and $5,000 in cash each month at no charge.
- Pair with Sky Business Checking for documented perks and relationship rewards where your program allows.
- Best if you want to avoid the monthly maintenance fee with a qualifying balance and expect to keep less than $5,000 on average.
Why Sky Business Savings?
Reserves with a clear purpose
Separate operating cash from reserves for payroll, taxes, and insurance so your balances stay clear for reporting and reviews:
- Variable interest rates and how interest compounds are disclosed in your Truth in Savings disclosure before you fund.
- eStatements are standard; fees for paper statements appear in your Schedule of Fees.
- Sweep arrangements may be available when treasury services are part of your relationship.
Pair with Sky Business Checking
As your balance grows, pair savings with Sky Essentials, Premier, or Elite Business Checking for documented transaction allowances, cash deposit benefits, and relationship pricing where your program allows.
Transfers and liquidity
Federal rules limit certain transfers and withdrawals from savings accounts. You may make up to six transfers or withdrawals per month at no charge where applicable; additional transfers may incur fees listed in your Schedule of Fees.3
Ready to open your Sky Business Savings account?
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Tell us about you and your business
You will provide business, owner, and signer information consistent with your entity type. Formation documents, tax identification, and expected activity are collected upfront so we can complete account opening without reopening your file.
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Make your first deposit
The minimum opening deposit is $100, as stated in your deposit agreement and welcome materials. You may deposit more at opening if you choose. Confirm your deposit has posted before scheduling transfers out of your savings account.
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Get started
Open now
Manage reserves on your schedule
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Balance visibility
View savings balances alongside operating accounts when you are enrolled in online banking, so you can keep reserves separate from day-to-day spending.
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Mobile check deposit
Deposit checks with the mobile app when you are enrolled. Deposit limits and funds availability rules are disclosed in your account documents.
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Account alerts
Set balance and transfer alerts so the right people are notified when balances change or approach the thresholds you set.
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Transfers between accounts
Move funds between your Sky savings and checking accounts within the transfer limits and cutoffs in your deposit agreement.
Fees and disclosure information
Cash deposit allowances, maintenance fee waivers, and transfer limits for Sky Business Savings are summarized on our savings overview and in your Truth in Savings disclosure at account opening.
Explore related products & offerings
Sky Business Money Market
Higher balances with check-writing access and tiered yields disclosed at account opening.
Learn moreSky Business CDs
Lock in a fixed rate for terms from 7 days to 5 years when you can leave cash in place.
Learn moreBusiness checking accounts
Compare Sky Essentials, Premier, and Elite Business Checking to pair operating cash with your reserves.
Learn moreFrequently asked questions about Sky Business Savings
How do I avoid the monthly maintenance fee on business savings?
Your deposit agreement describes ways to waive the monthly maintenance fee, which may include maintaining a minimum daily balance, an average monthly balance, or a recurring pre-authorized deposit or transfer of at least $100 per statement cycle.
What is the minimum opening deposit?
The minimum opening deposit for Sky Business Savings is $100, as shown on the savings overview and in your deposit agreement.
How many transfers can I make each month?
Federal rules limit certain transfers and withdrawals from savings accounts. You may make up to six transfers or withdrawals per month at no charge; additional transfers may incur fees listed in your Schedule of Fees.
How are interest rates determined?
Rates are variable unless your Truth in Savings disclosure states otherwise. Rate tiers and how interest compounds are disclosed before you fund.
Can I pair savings with Sky Business Checking?
Yes. Many businesses use Sky Business Savings together with Sky Business Checking for operating cash, documented deposit allowances, and relationship pricing where offered.