Business Savings Account
Empower your business with the right savings strategy. Whether you're setting aside cash for expansion, emergencies, or steady growth, our business savings accounts offer competitive interest rates, liquidity management tools, and seamless integration with your business checking account. With secure banking and flexible access, you can focus on running your business while your savings work for you.
Rates
🏦 A specialized savings account for businesses managing cash flow fluctuations.
- Best for: Businesses that want emergency savings or cash reserves for seasonal expenses.
- Monthly Fee: $10 (waived with $5,000 balance).
- Extras:
- Automatic fund transfers from business checking when reserves are low.
- Penalty-free access to emergency funds.
- Liquidity management tools for smarter financial planning.
| APY: | 1% |
💼 A simple way to set aside funds for future business needs.
- Best for: Small businesses looking for a basic savings option.
- Monthly Fee: $5 (waived with $1,000 balance).
- Extras:
- Up to 6 free withdrawals per month.
- Easy linking to Quantum Business Checking for auto-savings.
- FDIC-insured for secure deposits.
| APY: | 0.3% |
| Points: | 1000 |
📈 Earn higher interest as your business savings grow.
- Best for: Businesses that maintain higher balances and want higher returns.
- Monthly Fee: $15 (waived with $10,000 balance).
- Extras:
- Higher yield for businesses with larger savings goals.
- Cash management tools for tracking business expenses.
- Priority customer support for business clients.
| APY: | 1.25% |
Testimonials
Jorge T.
Local Bakery Owner
Quantum Business Essentials Savings makes it easy to set aside money for taxes and unexpected expenses. Simple and effective!
Linda W.
Consulting Firm Owner
We use Quantum’s Business Growth Savings to set aside extra cash reserves and earn better interest than a regular account!
FAQs
Business Savings
Quantum Bank offers three business savings account options to meet your company’s financial needs:
- Business Essentials Savings – A simple savings account with easy access and low fees.
- Business Growth Savings – A high-yield savings account with tiered interest rates.
- Business Reserve Account – Designed for businesses looking to set aside cash for emergencies or future expenses.
Yes, our business savings accounts have different balance requirements:
- Business Essentials Savings: No minimum balance required.
- Business Growth Savings: $10,000 minimum balance to earn the highest interest rate.
- Business Reserve Account: $5,000 minimum balance to waive the monthly fee.
Yes! You can link your Quantum Business Checking and Savings accounts for:
- Automatic transfers to grow your savings.
- Overdraft protection if your checking account runs low.
- Seamless cash flow management through online and mobile banking.
Disclosures
Interest Rates & APY Subject to Change – Annual Percentage Yield (APY) is variable and may change at any time without notice. The APY you earn depends on the account balance and tiered structure.
Withdrawal Limits & Fees – Business savings accounts are limited to six withdrawals or transfers per month as per federal regulations. Exceeding this limit may result in excess withdrawal fees or account conversion to a business checking account.
Minimum Balance Requirements – Some business savings accounts require a minimum balance to earn the advertised APY or waive monthly maintenance fees. Falling below the minimum balance may result in service charges.
FDIC Insurance Coverage – Funds in Quantum Bank business savings accounts are FDIC-insured up to $250,000 per business entity. Coverage limits apply to combined balances across all eligible deposit accounts within the bank.
Linking to Business Checking & Overdraft Protection – Business savings accounts can be linked to a Quantum Business Checking account for automatic transfers and overdraft protection. Transfers for overdraft coverage may be subject to fees and limitations.