Columbia Bank provides many options for savings accounts for businesses, including Business Savings and Money Market accounts as well as CDs. Our bankers will work with you to determine the option that is right for your business.
|Monthly Service Fee||Minimum Opening Deposit||Features||Interest Earnings||Minimum Opening Balance|
|Business Savings Account*||$4 monthly||$300||Fee waived with a minimum monthly balance of $300.||Yes. Interest is variable. Tiered rates.||$300|
|Business Money Market*||$10 monthly||$1,000||Monthly service fee waived with $1,000 minimum balance each day of the statement period. Interest accrued daily on the collected account balance, paid monthly to the account at the end of the statement period. Money Market Disclosure||Yes. Interest is variable. Tiered rates.||$1,000|
|CDs||Click on rates link above.|
|*See the current Rate Sheet for disclosure on tiers and rates paid on Business Savings and Money Market Accounts.|
Important Information about Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account or creates a new customer relationship with our bank. What this means to you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.