Business Savings Accounts

At Shoreham Bank, we believe smart financial planning starts with the right tools. Our Business Savings Accounts help businesses save for tomorrow while staying prepared for today.

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A Smarter Way to Save for Your Business

Whether you're preparing for future growth, setting aside funds for seasonal needs, building an emergency reserve, or saving for your next big investment, a Business Savings Account can help you stay financially prepared for whatever comes next. At Shoreham Bank, we help businesses save with purpose. Our Business Savings Accounts provide a convenient way to separate funds from day-to-day operating expenses while supporting your broader financial goals.
 
 
 

Premier Business Savings

1.00%

APY

0.99% Interest Rate
$25,000 Minimum Balance
Unlimited Transactions













 

Why Open a Shoreham Bank Business Savings Account?

Choosing the right business banking partner can make a meaningful difference in how you manage, save, and plan for the future.

  • Relationship-focused guidance as your business grows

  • Convenient digital banking tools, access to your accounts anytime, anywhere

  • Responsive service from people who know your business

  • A trusted financial partner committed to your business success

Save With a Bank You Trust

At Shoreham Bank, we combine personalized support with practical business banking solutions designed to help businesses achieve their goals. We're committed to building long-term relationships and helping business owners navigate every stage of growth.

  • Visit one of our branch locations

  • Reach out to our trusted team of bankers with your questions 401-773-2842

We believe financial conversations should feel comfortable and obligation-free, whenever you're ready.

 

 

Frequently Asked Questions about Business Savings Accounts

 
Should my business have a savings account?


A Business Savings Account can help separate funds intended for future needs from the money you use for everyday operations. Many business owners use savings accounts to build reserves, prepare for unexpected expenses, and save for future growth opportunities.

What is the difference between business checking and business savings? 

Business checking is generally used for everyday transactions, while business savings is often used for funds set aside for future expenses, growth opportunities, or emergency reserves. 
 

Can a Business Savings Account help my business grow?

Yes. Many businesses use savings accounts to set aside funds for future expansion, equipment purchases, hiring initiatives, marketing investments, or other growth opportunities. Having dedicated savings can help you act when the right opportunity arises.

Are Business Savings Accounts only for large businesses?

Not at all. Businesses of all sizes can benefit from having dedicated savings. Whether you're a startup, a growing company, or an established business, a savings account can help support financial planning, emergency preparedness, and long-term goals.

 

Annual Percentage Yield (APY) is earned for balance equal or greater than 25,000.00 Effective 8/7/26 Subject to change without notice. Minimum daily balance is required during each monthly cycle period to earn interest. Fees could reduce earnings. Account type is only available in-branch.