Business Deposit Rates
Business owners benefit from our checking and savings account rates
Webster Five caters to your business banking needs. These are the updated rates for our various deposit accounts.
Business Checking
|
Account
|
Interest Rate
|
Annual Percentage Yield (APY)
|
Minimum Balance to Earn APY
|
Minimum Opening Deposit
|
|---|---|---|---|---|
| IOLTA Checking Account | 2.81% | 2.89% | $10.00 | $10.00 |
The annual percentage yield (APY) may change after the account is opened. The annual percentage yield assumes the funds will remain on deposit for a full year at the advertised rate. The daily compounding method is used on all accounts shown above. Fees or other conditions could reduce the earning on the accounts shown above. Rates are subject to change without prior notice. Annual Percentage Yield rates are effective as of March 31, 2026.
Business Savings
|
Interest Rate
|
Annual Percentage Yield (APY)
|
Minimum Balance to Earn APY
|
Minimum Opening Deposit
|
|---|---|---|---|
|
Everyday Business Savings
|
|||
| 0.10% | 0.10% | $10.00 | $10.00 |
|
Everyday Business Money Market
|
|||
| 1.23% | 1.25% | $10.00 | $10.00 |
|
Amplify Business Money Market ($0 - $249,999)
|
|||
| 1.95% | 2.00% | $10.00 | $10.00 |
|
Amplify Business Money Market ($250,000+)
|
|||
| 2.44% | 2.50% | $10.00 | $10.00 |
The annual percentage yield (APY) may change after the account is opened. The annual percentage yield assumes the funds will remain on deposit for a full year at the advertised rate. The daily compounding method is used on all accounts shown above. Fees or other conditions could reduce the earning on the accounts shown above. Rates are subject to change without prior notice. Annual Percentage Yield rates are effective as of March 31, 2026.
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