Business Money Market Account

Get the most from every dollar and increase your business' savings. With a Business Money Market Account, you can take advantage of competitive rates for the benefit of your business' bottom line. Link the account with your business checking account to utilize the automatic sweep feature and online transfer capabilities.

  • Earn interest on daily balances of $10 and greater
  • Avoid the $2.50 monthly maintenance fee with a minimum daily balance of $2,500

Business Savings Account

Let your money work for you and earn extra interest for your business. Whether you choose the passbook or statement option, you will have the ability to pair this account with a business checking account for greater cash management convenience.

  • Earn interest on daily balances of $10.00 and greater
  • Passbook and statement options available

Business Certificates of Deposit (CDs)

Commit to longer-term savings goals by opening a Business CD for a term that is manageable for your cash needs. A minimum deposit of $500 is needed. A penalty will occur if funds are withdrawn before maturity, so this savings option is best for businesses that won't need to access the deposit for the duration of the term.

  • $500 minimum deposit
  • Term lengths range from 3 months to 5 years

At Beverly Bank, every deposit is insured in full. Federal Deposit Insurance Corporation (FDIC) insures each depositor to at least $250,000. All deposits over and above this amount are covered by the Share Insurance Fund (SIF).