Ultra Business Money Market
At Savers Bank, we make it easy for businesses of every size to find the support they need. From start-ups to established companies, our business banking services offer flexibility, personal attention, and the lending strength to help you move forward. After all, banking should be about taking care of your business.
A limited-time offer to help your business savings go further.
4.00
%
apy∗
Open an Ultra Business Money Market account to earn 4.00% APY* for the first four months the account is open!
- Promotional rate available Now – December 31, 2025
- Applies to all balances over $10
- New money only, opening balances of $5,000 or more.
- In-person only at any of our six convenient branch locations.
Can't make it to a branch? Contact Brett to learn more about this special offer and what you need to get started. Brett will provide personalized support to make sure the process is simple and seamless.
Brett Lovett
Business Banking Officer
Tel: 508-765-7369
Get Started with Brett Today
Beneficial Ownership
In May 2016, the U.S. government passed a new regulation regarding the beneficial ownership of legal entity customers. Going forward, it will be mandatory for all financial institutions to comply with this regulation by identifying the ultimate beneficial owner(s) and a controlling person of a legal entity customer opening or maintaining an account.
In compliance with this regulation, Savers Bank will collect beneficial ownership information from legal entity customers starting on or before May 1st, 2018. This means that any time an account is opened or maintained for a legal entity, we will request information that identifies the ultimate beneficial owner(s) and controlling person of the legal entity. The required identifying information includes name, address, date of birth, identification number, and other information that will help identify those individuals. This information will need to be collected whether or not the person identified is a Savers Bank customer.
This information will also be collected for existing legal entity customers who establish new accounts once this new regulation is implemented at Savers Bank starting on or before May 1st, 2018. While we understand the information requested is personal and sensitive, we need to obtain this information in order to comply with the law. As always, we will treat all information collected with the utmost care. All information will be stored securely and handled with the same standard of privacy that we have always maintained.
What you need to know about Beneficial Ownership
Compliance
The regulation impacts all legal entities opening or maintaining accounts at any financial institution.
Ownership
Legal entities will need to identify and attest to all ultimate beneficial owner(s) that meet specific requirements as well as a controlling person (e.g., Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President or Treasurer).
Disclosures
Savers Bank will collect information regarding the ultimate beneficial owner(s) and control person of legal entities whether or not they have a personal relationship with the financial institution.
**The 4.00% Annual Percentage Yield (APY) is a promotional rate effective as of November 1, 2025 and available only for Ultra Business Money Market Accounts opened thru December 31, 2025. $5,000 minimum new money deposit (money not currently on deposit at Savers Bank) is required to open this account and obtain the promotional rate. This promotional rate applies to all balance tiers. Interest is not paid on balances below $10.00. Fees and withdrawals could reduce earnings. Accounts opened during this period will earn 4.00% APY for the first four (4) months on all balances (above $10.00) from the date of account opening if qualifications are met. After the four-month promotional period ends, the rate and APY will automatically adjust to the ultra business money market account rates in effect at that time, based on the account’s balance and tier. This offer is limited to one promotional account per business EIN and not available online. This promotional rate cannot be transferred. Ultra Business Money Market Account requires an active Savers Bank Basic Business checking account or Savers Bank Business Activity Checking account.
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