Trusted Business Savings with a Personal Touch
Searching for a business savings account? You deserve a banking partner that treats you like a friend, personalizing every interaction and keeping your funds safe and secure.
West Plains Bank and Trust Company is Southern Missouri and North Central Arkansas’ trusted partner in opening business savings accounts, helping business owners achieve their dreams and empower financial growth in their communities. And we do it all with an unwavering commitment to every customer’s success.
What is a Small Business Savings Account?
Business savings accounts let your money work for you by earning interest on your cash reserves. As your savings increase, so does your earning potential!
West Plains Bank and Trust Company makes sure you can access your funds the minute you need them with six free withdrawals from your account per statement cycle. Withdrawals exceeding the cycle limit will incur a $3 fee. If your small business savings account balance falls below the $100 minimum balance requirement on any day during the month, a $3 fee will be applied to your account. A $100 minimum deposit is due at the time of opening. Click here to learn more about our Business Deposit Products.
Should I Use a Business Savings Account or Business Checking Account?
Great question! Your business should be using both a business checking account and business savings account to manage your operations.
Your business checking account will help you field transactions and oversee day-to-day functions such as payroll, writing/cashing checks, accounting, tax preparation and more.
A business savings account is designed to hold your cash reserves, and with West Plains Bank and Trust Company’s competitive interest rates, you’ll watch your funds grow alongside your business.
We never know what tomorrow may hold. Make sure your business is prepared for unforeseen expenses and exciting growth opportunities with an online business savings account!
What Perks Come with a Business Savings Account?
Prepare for the future with a free small business savings account at West Plains Bank and Trust Company. Account benefits include:
- Competitive interest rate
- Six free withdrawals per statement cycle
- Member FDIC insured
- Online banking
- Mobile banking and mobile check deposit
- Free monthly e-statements
How Do I Open a Business Savings Account?
Customers already banking with West Plains Bank and Trust Company can view their business savings account through our secure online banking. If you’re looking to move your business savings account to West Plains Bank and Trust Company, simply stop by any of our five full-service branches to open an account in person or contact a customer service representative for more details.
Transferring to West Plains Bank and Trust Company? Use our easy Switch Kit to transfer your account, or start a new account.
West Plains Bank and Trust Company
West Plains Bank and Trust Company has provided South Missouri and Northern Arkansas communities with superior banking service since 1883 by taking care of families, businesses and individuals looking to open the best savings account for them and take charge of their financial wellbeing.
We’re locally-owned and managed. Our team is committed to delivering the highest level of customer service, ensuring each new customer leaves as a friend. On top of our commitment to customer success, we’re deeply rooted in the communities we call home, volunteering our time, talent and financial resources. From schools to nonprofits such as Rotary Clubs and Chambers of Commerce, West Plains Bank and Trust Company is dedicated to keeping our communities financially secure and fostering meaningful opportunities for this generation and the next.