BUSINESS SAVINGS, MONEY MARKET AND CERTIFICATE OF DEPOSIT ACCOUNTS - NEW YORK

THE MORE YOU SAVE, THE MORE YOU EARN

No matter what amount you deposit, BankUnited has a business savings account that can put your money to work for you.

Person exploring savings options

Business Savings Solutions

Planning for your future starts now. BankUnited’s small business savings options offer competitive interest rates and flexible terms that keep your money working for you, even after it’s put away. Choose the right savings account for your business.

 
Business Savings Account Business Money Market AccountBusiness Certificate of Deposit
 

Minimum Opening Deposit

Minimum Opening Deposit

$100 $100 $1,000
 

Monthly Fee

Monthly Maintenance Fee

$5

Ways to avoid monthly fee:

  • Maintain $500 minimum daily balance or
  • Maintain $1,500 average monthly balance
$15

Ways to avoid monthly fee:

  • Maintain $2,500 minimum daily balance
$0
 

Interest Bearing

Interest Bearing

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Paid quarterly

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Paid monthly

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Paid monthly or quarterly

 

Transactions Limit

Transaction Limits

Transaction limits may apply 1

Cost per excess transaction: $5

Transaction limits may apply 1

Cost per excess transaction: $9

No Transactions Allowed
 

Maturity Term

Maturity Term

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Early Withdrawal Penalty

Early Withdrawal Penalty

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$15.00 early closeout fee will be assessed if your Business Savings Account is closed within 180 days of the account opening date.

  1. Transaction Limitations – We may limit certain types of withdrawals and transfer transactions you may make from a savings or money market account to a maximum combined total of six (6) per month or monthly statement cycle.  ATM or in-person withdrawals/transfers are not included in these transaction limitations.  An Excessive Transaction Fee may be assessed for each transaction in excess of these limitations.  Please refer to your Depositor’s Agreement for additional details.