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Colonial Business Savings

Your Business Deserves a Reliable Partner

Experience the benefits of working with the expert business team at 1st Colonial Community Bank for your business savings account. As a community bank deeply rooted in Southern New Jersey and Southeastern Pennsylvania, we understand the unique needs of local businesses. Our Colonial Business Savings account is designed to help business owners like you prepare for future expansion, make large purchases, or build an emergency fund.

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Secure Your Business Future with a Savings Account

A business savings account is more than just a safety net—it's a tool for growth. With our high-yield business savings account, you can earn interest on your funds while keeping them readily available. Whether you're saving for a new location, a major equipment upgrade, or just want to have a cushion for unexpected expenses, our business savings account offers the flexibility and security you need.

Designed with Your Business in Mind

Our Colonial Business Savings account comes with a host of features tailored to your business needs:

  • Initial Deposit: Get started with just $100.
  • Monthly Maintenance Fee: A nominal fee of $10 to keep your account active.
  • Minimum Balance: Maintain a minimum daily balance of $1,000 to avoid the maintenance fee.
  • Withdrawals: Make up to 10 withdrawals per month.
  • Additional Withdrawals: A fee of $5 for each withdrawal beyond the initial 10.
  • Interest Bearing: Your money works for you with our interest-bearing account.
  • Statement Cycle: Stay informed with our monthly statements.

Contact Our Business Team

Your Partner in Business Growth. Take the Next Step.

Ready to take your business to new heights? Contact the expert business team at 1st Colonial Community Bank today. With locations in Collingswood, Westville and Limerick, PA, we're always within reach. Let's start building your business's future together.

Frequently Asked Questions About Business Savings Accounts

What is a business savings account?

A business savings account is a type of bank account that allows a business to earn interest on its funds while keeping them safe and accessible.

Why should I open a business savings account?

A business savings account can help you manage cash flow, save for future expenses, and earn interest on your funds.

How can I open a business savings account?

Contact our expert business team today to set up an appointment. We're here to help you every step of the way.

What documents do I need to open a business savings account?

To open a business savings account, you typically need proof of business registration, your Employer Identification Number (EIN) or Social Security Number (SSN) if you're a sole proprietor, a business license, any ownership agreements, and organizational documents such as Articles of Incorporation or Articles of Organization. Please note that requirements may vary, so it's best to contact us for the most accurate information.

How is the interest on my account calculated?

Interest is calculated using the daily balance method, which applies a daily periodic rate to the collected balance in the account each day.

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