Compare WSFS Bank Business Savings Accounts

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 $5,000 per statement period. Otherwise, the monthly maintenance fee is $12.

**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.

Small Businesses Confident in Their Future, Ability to Get a Loan

WSFS Bank’s annual 2022 Small Business Trends study found that small businesses are optimistic in their ability to keep revenues at their current pace or even increase them in the next year despite economic woes and strains on their costs.

A Big Tax Write-Off for Small Business: What is IRS Section 179?

Today’s economy is creating challenges for many small businesses. Many things seem to be changing quickly. But one important thing has not changed: Section 179 of the IRS Tax Code. When small businesses use financing to purchase certain categories of equipment or software, they can take advantage of a powerful tax write-off.

How to Protect Your Business Against Check Fraud

Whether it’s digital fraud, phishing and spoofing, or check and payments fraud, the reality is that many businesses (71%, according to a 2022 AFP Payments Fraud and Control Survey) unfortunately experience fraudulent schemes or attempts that can cost them time and money.