March 16, 2023

Finding Business Savings Accounts that Best Suit Your Company’s Unique Needs

Keep your money growing and bring your goals within reach by opening a business savings account at BayCoast Bank.

As a community bank, we’re proud to provide businesses on the South Coast of Massachusetts and Rhode Island with savings accounts, helping you achieve long-term business success.

No matter your business goals, BayCoast Bank offers a variety of savings accounts to help support them. Whether you’re interested in a money market access account, statement savings, certificates of deposits (CDs) or retirement plan accounts, we can help you find the right option for your needs.

Learn more about our savings account options to see how we can best serve your business.

Business Savings Accounts

  • Business Money Market Access: Our Business Money Market Access accounts are tiered accounts with interest compounded and credited monthly. This account provides an opportunity to earn additional income with a competitive interest rate that increases as your balance increases, perfect if you’re looking for flexibility and want to earn interest while working towards your goals.
  • Statement Savings: When you want a simple savings account with minimal restrictions, our statement savings account is an option you may want to consider. This account only requires $100 to open.  If you maintain a minimum average daily balance of just $100.00, you won’t pay a monthly maintenance fee.  For stability and simplicity, this account a great choice. 
  • Certificates of Deposit (CDs):  Our CDs allow businesses to receive competitive interest rates while holding funds for a set period of time.  When you choose BayCoast for a CD, you’ll enjoy savings with peace of mind and flexible terms to suit your goals.
  • Retirement Plans: When you want to plan for your retirement and the retirements of your employees, our BayCoast Bank retirement plans are an excellent option. We offer a variety of reliable retirement accounts, such as 401(k) plans, Keoghs, SEPs, and SIMPLE IRA accounts. These plans allow you and your employees to build long-term savings and give you the chance to offer extended benefits to your hardworking team.

Open a Business Savings Account at BayCoast Bank

Grow your business and save for the future by signing up for one of our business savings accounts. Having a savings plan in place can help your business by providing a financial cushion for any unexpected expenses that may arise.  BayCoast Bank offers a variety of additional business accounts to ensure exceptional service to our clients. For example, we offer checking accounts, lending opportunities, and investment advising services to businesses.

If you’re ready to open up a business savings account or have any questions, please contact us or visit one of our BayCoast Bank locations today.

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