RMO Bank offers business savings accounts designed to help your company build reserves and earn competitive returns on idle cash.
BizReserve Savings — A straightforward business savings account with a competitive base APY and no minimum balance to open. Ideal for setting aside operating reserves or building an emergency fund for your business. Monthly fee waived when linked to an RMO business checking account.
BizGrowth Savings — A tiered-rate savings account that rewards higher balances with higher APYs. Balances above $25,000 earn a premium rate. Designed for businesses with significant cash reserves that want to maximize earnings.
BizPremium Money Market — Combines the earning potential of a money market with limited check-writing and a business debit card for convenient access. Ideal for treasury management and maintaining liquid reserves while earning interest. Minimum balance of $10,000 to avoid a monthly fee.
All Business Savings Accounts Include:
- Full access to MyRMO business banking tools
- Automatic transfer scheduling from your business checking account
- Online statements and real-time balance tracking
To open a business savings account, schedule an appointment through MyRMO or by calling us to speak with an Expert.