Business Savings Account Comparison Chart
Account Type
Summary
For business Customers who want to easily access their money while earning interest at tiered rates.
For business Customers who want to earn interest on their savings while maintaining full access to their funds.
For business Customers who want to grow their savings while earning a competitive rate, with the confidence that their money is secure.
Minimum Opening Deposit
$100
$100
$2,500
Monthly Maintenance Fee
None*
None**
No monthly maintenance charge.
Earns Interest
Mobile Banking
WSFS Business Mobile Deposit
Overdraft Protection Services Available
**No monthly maintenance fee if you maintain a minimum daily balance of $500 per statement period and/or establish at least one monthly auto savings transfer of $25 or more from your WSFS Small Business checking account into your WSFS Small Business Core Savings account. Otherwise, the monthly maintenance fee is $5.
The interest rate and Annual Percentage Yield (APY) for these accounts are effective as of August 16, 2019 and are subject to change. Business Accounts Only. Fees assessed to accounts may reduce earnings. Rates are variable, and are subject to change at any time.
Related Articles
In a Post-pandemic Economy, Small Business Leaders Will Need New Strategies for Success
The new normal. It’s a phrase we’ve been hearing for nearly a year, generally referring to how we must adapt and adjust to changing safety protocols, shopping habits, work and school environments and more as we navigate our daily lives in a pandemic.
Read More
What You Need to Know About PPP Forgiveness, the New Round of PPP Loans and Additional Stimulus for Your Business
In December 2020, the Federal government passed a new $900 billion stimulus that includes $284 billion in additional Paycheck Protection Program (PPP) funding for small businesses.
Read More
Finding the Right Fit: How a Lifelong Engineering Leader Pivoted to a New Career as a Small Business Owner
After running a factory in corporate America for 25 years, Nate West wasn’t short on options when considering the next phase of his career.
Read More