Spirit of Alaska Logo Mark

Business Savings Accounts

Overview

Open Close

Managing and saving your income is just “business as usual”. There are so many ways to get work done these days, and our account options give your business choices.

If you like to do everything online, choose an e-Savings account for electronic statements, easily accessed through our online banking system.

For those who would prefer paper statements, our Savings account is the right choice.

With each type of savings account, you can get unlimited in-branch transactions as well as 6 complimentary electronic (or telephone) withdrawals per month*.

  • Balances over $100.00 earn dividends paid monthly
  • $5.00 balance required to open and maintain
  • No monthly maintenance fees with a balance of $100.00 or more
  • Overdraft protection transfers are available*

To open an account, you can apply online, or come into any of our branches. If you apply online, you will need to visit a branch within 30 days to sign your account agreement.

What you will need to bring depends on the structure of your business. In general, to open an account you will need the following:

  • Personal Identification
  • Business License
  • Proof of EIN
  • Corporate documentation
  • Resolution with authorized signers.
  • Bring cash, check or card to fund the account. A 3% fee applies if you fund the account with a credit or debit card.

*An excessive withdrawal fee will apply if electronic transfers out of a savings account exceed 6 per month. Any overdraft protection transfers from a savings to a checking account are counted towards the 6 electronic transfers limit. No fees apply to in-person transactions for a savings account.

Rates

Open Close
Account Type Min. Opening Bal. Min. Bal. to Earn Dividends Dividend Rate APY*

e-Business Savings

Electronic Documents
$5.00 $100.00 0.15% 0.15%

Business Savings

Paper Documents
$5.00 $100.00 0.15% 0.15%

*Annual Percentage Yield. Refer to our Pricing Guide (PDF) for all fees. Fees may reduce earnings. Rates are subject to change at any time. Current as of [date].

Calculator

Open Close

Calculate Your Savings

$
%

Results

Total Savings:
$10,511.40

FAQ

Open Close

FREQUENTLY ASKED QUESTIONS

What you will need to bring depends on the structure of your business. In general, to open an account you will need the following:

  • Personal Identification
  • Business License
  • Proof of EIN
  • Corporate documentation
  • Resolution with authorized signers.
  • Bring cash, check or card to fund the account. A 3% fee applies if you fund the account with a credit or debit card.