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
Reflect on the Challenges of This Year to Prepare Your Small Business for Success in 2022
As 2021 comes to a close and we reflect on all of its successes and challenges, it is also a great time to look ahead to 2022’s opportunities for the small business community and how your business can be successful in the new year and beyond.
Read More
WSFS Bank’s SBA Team Helps Small Businesses Get the Funding They Need, Earns Recognition for 2021 Loan Volume
The U.S. Small Business Administration (SBA) recently released their regional and national fiscal year 2021 rankings, and WSFS Bank continues to shine supporting small businesses! In Delaware, the team led all lenders with $12.6 million in loans and was second in the state in loan originations, while placing third in New Jersey for dollar amount and loans originated.
Read More
Cash Flow Tips to Help Your Business Post-Pandemic
It’s no secret that the COVID-19 pandemic forced a surge in technology adoption across numerous industries. However, despite the availability of technology-driven forms of payment such as credit cards, P2P, and mobile wallets, a recent nationwide study by Cash Connect and One Poll revealed that out of 1,500 people surveyed, 40% prefer to use cash as their payment method. Furthermore, 51% of respondents agreed that using cash helps them budget their money, underlying the notion that cash remains a mainstay. Knowing these preferences amongst consumers, it’s imperative that businesses continue to make cash payments a priority.
Read More