Skip to the content Log In Business > Accounts > Savings Account Business Savings and Money Market Accounts We love to help local businesses thrive. Our suite of business savings options is designed to help you make the most of your capital by putting it to work for you. Why our business customers love saving with us Earn interest, putting idle cash to work Options that provide higher rates on higher balances Security knowing that balances are FDIC insured Convenient online account access Featured Service Savings + Convenience: That’s Better No matter which savings option you choose for your business, you’ll want to ensure that you’ll have convenient access to your account. With Burke & Herbert Bank Business Online Banking and Mobile Banking, access is right in front of you. Learn More Choose the Savings Option That’s Right for Your Business Burke & Herbert Bank’s savings and money market accounts make sure your company’s capital works hard. And, no matter which option you choose, your savings balances can help you meet the minimum balance requirements for a Business Relationship Package. Business Savings Account Our Business Savings Account is a great choice for new businesses and those starting their company’s savings plan. Earn interest on all account balances $50 minimum to open Maintain an average daily balance of just $100 per month or receive a monthly direct deposit into the account to avoid a $2 monthly fee Six free online, telephone, or automatic transfers per monthly statement cycle; $10 per transaction thereafter Flexibility to transfer funds to and from your business checking account through Business Online Banking or Mobile Banking Business Money Market Account Enjoy the flexibility of anytime access to your funds while earning more on your savings balances. Earn interest on all account balances with the opportunity to earn higher rates on higher balances $1,000 minimum to open $2,500 average daily balance waives the monthly fee Low $2 monthly fee if average daily balance is from $1,000 to less than $2,500; $5 monthly fee if average daily balance is less than $1,000 Six free online, telephone, or automatic transfers per monthly statement cycle; $10 per transaction thereafter Convenient account access through Business Online Banking or Mobile Banking Business Super Money Market Account When your business is ready for a savings upgrade and has a balance of $25,000 or more, the Business Super Money Market Account is the best choice for the job. Earn our best business money market account rates Enjoy higher rates based on higher balances $1,000 minimum to open Maintain an average daily balance of $25,000 or more and your savings will grow with no monthly fee $10 monthly fee if average daily balance is less than $25,000 Six free online, telephone, or automatic transfers per monthly statement cycle; $10 per transaction thereafter Convenient account access through Business Online Banking or Mobile Banking Already a business banking customer? Check current rates Learn about FDIC insurance Learn more about Business Online & Mobile Banking Looking for Liquidity and Security? Let’s say your business has a balance over $250,000 and you need the liquidity of a savings or money market account with the security of FDIC insurance on all balances. Taking advantage of the IntraFi Network Deposits DDA-MMDA Option (formerly Insured Cash Sweep or ICS Account) may be the answer. With this service, which is offered through our partner, IntraFi Network (formerly Promontory Interfinancial Network), balances over $250,000 will be swept from your business checking account to a DDA-MMDA account for placement at other member institutions in amounts less than the FDIC insurance limit. You continue to have convenient access to all of your funds through Burke & Herbert Bank while gaining multi-million-dollar FDIC insurance coverage. Visit a Branch to Learn More You may also be interested in: Business Certificates of Deposit Treasury Management Services Services PERSONAL BUSINESS WEALTH About Us NEWSROOM CAREERS FDIC COVERAGE PRIVACY NOTICE Customer Service SECURITY CENTER LOCATIONS ORDER CHECKS FAQS BANK HOURS & HOLIDAYS CONTACT US Join Our Team Explore Careers Facebook Facebook Twitter Twitter LinkedIn LinkedIn Customer Contact Center: 703-684-1655 info@burkeandherbertbank.com Bank Routing Number: 056001066 © Copyright 2021 Burke & Herbert Bank. All Rights Reserved.