Business Savings

Business men and woman reviewing information on a conference table. Sandy Spring Bank Savings, Money Markets and CDs.

Our Business Savings options are adapted to your needs to help your business grow and thrive no matter where you are in its life cycle. You have the passion and expertise, let us handle the financials so you can keep your focus where it should be, on your business.

Let’s find a great option for your business starting with these recommendations. Call 866.867.1570 or visit a Sandy Spring Bank branch to get started.

Business Savings Accounts

Regular Savings
 

Certificates of Deposit

Money Market

  • Question

    Business Regular Savings Accounts1
    Answer

    If you're a business that needs to build savings, then this account may be the best option. It's an easy and convenient way to grow your reserves and includes these benefits:

    • Low opening deposit of $25.
    • Security of FDIC insurance.
    • Free check deposits, up to 50 and then standard fees apply.2
    • Interest is compounded daily. Monthly maintenance fees waived if you maintain a $300 minimum daily ledger balance in any month or statement cycle.3
    • Access to Business Online and Mobile Banking.
       

    Apply Now 

  • Question

    Business Certificates of Deposit (CDs)
    Answer

    If you want to give your savings a boost and you don't necessarily need immediate access to your reserves, then one of our competitive CDs4 may be a great option for your business.

    • Guaranteed rate of return.
    • FDIC insurance protection.
    • CDs ranging from one to sixty months.

     

    Current Rates & Specials 

  • Question

    Business Money Market Accounts
    Answer

    It just makes sense that you should be earning money as you save it. Whether you opt for our traditional or Premier Money Market Accounts, you’ll enjoy competitive rates and these benefits:

    • Security of FDIC insurance.
    • Access to Business Online and Mobile Banking.
    • Money Market Savings Checks.
    • Access to more than 55,000 ATMs in the Allpoint network.

     

    Premier Money Market1,2,3
    Guaranteed fixed interest rate for the first six months5 and competitive returns afterwards based on your deposit tier. Minimum opening deposit of $10,000 is required. 

    Traditional Money Market1,2,3
    Easy to get started with just a $2,500 opening minimum deposit.  Interest rate tiers at $2,500; $25,000; $50,000; and $100,000.

    Learn more

Making it Easier

Keep your money in one place and avoid using multiple apps just to access your reserves. You can access both your Business Savings and Checking accounts through Business Online Banking and our mobile app. 

Partner you can trust 

For more than 156 years, we have helped businesses throughout Maryland, Virginia and Washington, D.C. achieve their goals and we can help you too. All decisions are made locally and even our client service center is staffed by people who are neighbors, all locals. We understand what your business needs to thrive because we understand the unique challenges you face here in the Washington, D.C. Metro Region.

  • Disclosure

    1By law, banks are permitted to limit certain types of withdrawals and transfers from your savings and money market accounts and charge an excess activity fee when you exceed such limits. The limitations apply to withdrawals by check, draft, debit card purchase or similar order (if available on the account), or telephone, or automatic or pre-authorized transfers to another of your accounts with us or to a third party. The limitations also apply to transfers made by Telephone Banking, Online Banking, or Mobile Banking and transfers from your savings or money market account to cover overdrafts. Due to federal regulation changes, we are currently not applying these limits or charging an excess activity fee.

    2Regardless of balance there is a $0.20 per check deposited over 50 per month or monthly statement cycle.

    3There is a $10 monthly maintenance fee that is waived when you maintain the required minimum daily balance. Fees may reduce earnings.

    4Penalties for early withdrawal may apply. A withdrawal of interest will reduce earnings.

    5This is a variable-rate account, and the rate may change any time without notice, except as otherwise set forth herein. Minimum opening deposit is $10,000 in funds not already on deposit with Sandy Spring Bank. Maximum opening deposit is $10,000,000. Fees may reduce earnings. Business Premier Money Market Savings is available to clients who open or maintain a Commercial or Business checking account.

    For other provisions applicable to the account, please view our Commercial Deposit Account and Electronic Banking Agreement, Product Sheets, Commercial Fee Schedule and our Rate Sheet.