This savings account is perfect for businesses that want to earn interest on funds without maintaining a high minimum balance. Other features include:
- $500 minimum daily balance requirement or an automatic transfer of $25 or more*
- No fee for the first 25 items deposited**
- Interest is compounded and credited monthly
- Free phone banking
- Free small business online banking
Note: A business checking account is required for check cards and online bill payment.
Minimum opening deposit is $50.
*There must be at least one automatic transfer per month of $25 or more from a National Penn (or division bank) checking account. If a transfer does not occur and the balance is not $500 or greater on the first business day of the following month, a $5 fee will be charged to your account. No transfers will occur if insufficient funds.
**A fee of $0.15 will be charged for each item deposited over 25 each month.
