Webster Five offers a variety of savings products designed to meet the needs of our business customers.
   
Statement Savings Account*
Our basic savings account offers unlimited deposits and withdrawals with no monthly transaction fees or service charge.
Potential Customers: A basic savings account that can be used by any type of business or non-profit organization.

Key Benefits: Unlimited deposits and withdrawals with no transaction fees. This account has no monthly service charge and does not require a minimum balance to earn interest. All transactions and balance information is summarized on a convenient monthly statement.
   
Business Plus Savings Account*
Webster Five’s Business Plus Account offers our business customers a competitive tiered interest rate based on the account balance. Potential Customers: A tiered interest rate account for any business or non-profit organization. Balances of $75,000 or more earn a premium interest rate.

Key Benefits: The interest rate is based on the daily account balance. Balances of $75,000 or more earn a premium interest rate. You have the option of combining the Business Plus Account statement with your Business Checking Account statement for convenience.
   
Money Market Plus Account*
Our interest bearing Money Market Plus Account offers a competitive interest rate with nominal transaction limitations and a low average daily balance requirement. Potential Customers: An option for business consumers, Webster Five’s Money Market Account offers interest on excess balances not required for daily cash needs.

Key Benefits: Balances of $2,500 or more earn a higher rate of interest. There is no monthly service charge when an average daily balance of $2,000 or more is maintained. Funds can be transferred to and from your business’s Webster Five accounts six times per statement cycle using one of our convenient electronic banking products.

   
*ATM card use**, and FREE QuickPath Internet Banking.
**Fees charged from other banks when using their ATM may apply