The deposit information below is effective as of February 20th, 2017. APY = Annual Percentage Yield. Rates are subject to change without notice. Please refer to our Business Membership and Account Agreement, Business Product and Fee Schedule and Cash Management Product and Fee Schedule for additional terms and conditions that apply to your account, including fees, how dividends are calculated, and early withdrawal penalties on certificates. Fees can reduce earning on accounts.

CLICK HERE to see a comparison of Salal’s Business Deposit Accounts.

 

Business Checking Accounts

AccountBalanceRateAPY
$250 minimum opening balance for Basic Business; $500 minimum to open Business Interest.
BUSINESS INTEREST CHECKING$250 - $9,9990.05%0.05%
$10,000 - $24,9990.05%0.05%
$25,000 - $49,9990.10%0.10%
$50,000 - $99,9990.10%0.10%
$100,000 - $249,0000.10%0.10%
$250,000 +0.10%0.10%
BASIC BUSINESS CHECKING$250 - $9,9990.00%0.00%
$10,000 - $24,9990.05%0.05%
$25,000 - $49,9990.05%0.05%
$50,000 - $99,9990.05%0.05%
$100,000 - $249,0000.05%0.05%
$250,000 +0.05%0.05%

Business Savings Account

AccountBalanceRateAPY*
$25 minimum opening balance.
BUSINESS SAVINGS
(non-profits only)
$250 - $9,9990.05%0.05%
$10,000 - $24,9990.10%0.10%
$25,000 - $49,9990.10%0.10%
$50,000 - $99,9990.10%0.10%
$100,000 - $249,0000.10%0.10%
$250,000 +0.10%0.10%

Business Money Market Account

AccountBalanceRateAPY
$2,500 minimum opening balance.
BUSINESS MONEY MARKET$2,500 - $9,9990.05%0.05%
$10,000 - $24,9990.10%0.10%
$25,000 - $49,9990.10%0.10%
$50,000 - $99,9990.10%0.10%
$100,000 - $249,0000.20%0.20%
$250,000 +0.25%0.25%

Business Share Certificate

AccountBalanceRateAPY*
$500 minimum opening balance. Up to three additional deposits are allowed during the term with final total not to exceed twice the initial deposit amount. Dividends are calculated and compounded monthly. A penalty may be imposed for early withdrawal.
BUSINESS CHOICE TERM 6-18 MONTHS$500 - $9,9990.10%0.10%
$10,000 - $24,9990.20%0.20%
$25,000 - $49,9990.30%0.30%
$50,000 - $99,9990.35%0.35%
$100,000 - $249,0000.50%0.50%
$250,000 +0.65%0.65%

Business Cash Management

AccountBalanceRateAPY
$250,000 +0.08%0.08%
HEALTHCARE CHECKING$0.01 - $9,9990.08%0.08%
$10,000 - $24,9990.08%0.08%
$25,000 - $49,9990.08%0.08%
$50,000 - $99,9990.08%0.08%
$100,000 - $249,9990.08%0.08%
$250,000 +0.08%0.08%
IOLTA Pooled$0.01 - $9,9990.08%0.08%
$10,000 - $24,9990.08%0.08%
$25,000 - $49,9990.08%0.08%
$50,000 - $99,9990.08%0.08%
$100,000 - $249,9990.08%0.08%
$250,000 +0.08%0.08%
Individual Attorney Trust$0.01 - $9,9990.08%0.08%
$10,000 - $24,9990.08%0.08%
$25,000 - $49,9990.08%0.08%
$50,000 - $99,9990.08%0.08%
$100,000 - $249,9990.08%0.08%

Cash Management Analyzed Accounts

AccountBalanceMargin (basis points)*
*Earnings Credit Allowance Index = Current Index Rate: 3 Month T-Bill plus the following margin: (((((Average daily ledger balance minus float) = average daily collected balance minus 3% Federal Reserve Bank required reserve)) x ECA) / 365) x # days in the month) rounded to 0.05.
ANALYZED ACCOUNT$0.01 - $74,9990.08%
$75,000 - $249,9990.08%
$250,000 - $499,9990.08%
$500,000 +0.08%

 

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