Business Savings and Money Market Accounts

We love to help local businesses thrive. Our suite of business savings options is designed to help you make the most of your capital by putting it to work for you.

Why our business customers love saving with us

Earn interest, putting idle cash to work
Options that provide higher rates on higher balances
Security knowing that balances are FDIC insured
Convenient online account access

Savings + Convenience: That’s Better

No matter which savings option you choose for your business, you’ll want to ensure that you’ll have convenient access to your account. With Burke & Herbert Bank’s Digital Banking for Business, access is right in front of you.

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Choose the Savings Option That’s Right for Your Business

Burke & Herbert Bank’s savings and money market accounts make sure your company’s capital works hard. And, no matter which option you choose, your savings balances can help you meet the minimum balance requirements for a Business Relationship Package.

Business Savings Account-OD1 Changes

Our Business Savings Account is a great choice for new businesses and those starting their company’s savings plan.

Earn interest on all account balances
$50 minimum to open
Maintain a daily collected balance of just $100 per month or receive a monthly direct deposit into the account to avoid a $2 monthly fee
Six free online, telephone, or automatic transfers per statement cycle
Flexibility to transfer funds to and from your business checking account through Digital Banking for Business

Business Money Market Account

Enjoy the flexibility of anytime access to your funds while earning more on your savings balances.

Earn interest on all account balances with the opportunity to earn higher rates on higher balances
$100 minimum to open
$2,500 daily collected balance waives the monthly fee
Low $2 monthly fee if daily collected balance is between $1,000 and $2,500; $5 monthly fee if daily collected balance is less than $1,000
Six free online, telephone, or automatic transfers per monthly statement cycle
Convenient account access through Digital Banking for Business

Business Super Money Market Account

When your business is ready for a savings upgrade and has a balance of $25,000 or more, the Business Super Money Market Account is the best choice for the job.

Earn a competitive business money market account rate
Enjoy higher rates based on higher balances
$100 minimum to open
Maintain a daily collected balance of $25,000 or more and your savings will grow with no monthly fee
$10 monthly fee if daily collected balance is less than $25,000
Six free online, telephone, or automatic transfers per monthly statement cycle
Convenient account access through Digital Banking for Business

Already a business banking customer?

Looking for Liquidity and Security?

Let’s say your business has a balance over $250,000 and you need the liquidity of a savings or money market account with the security of FDIC insurance on all balances. Taking advantage of the IntraFi Network Deposits DDA-MMDA Option (formerly Insured Cash Sweep or ICS Account) may be the answer. With this service, which is offered through our partner, IntraFi Network (formerly Promontory Interfinancial Network), balances over $250,000 will be swept from your business checking account to a DDA-MMDA account for placement at other member institutions in amounts less than the FDIC insurance limit. You continue to have convenient access to all of your funds through Burke & Herbert Bank while gaining multi-million-dollar FDIC insurance coverage.

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You may also be interested in:

Business Certificates of Deposit

Treasury Management Services