Checking
We’re pleased to offer Local AdvantageSM Business Banking, a flexible suite of accounts and services designed to help streamline the way you manage your day-to-day business transactions.
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How can we help you today?
Simple Business Checking Account
A straightforward business checking account with no balance requirement.
Ideal for small- to medium-sized businesses that do not require additional business banking services.
- No minimum balance requirement
- No per-item fees for cash & coin deposits, or checks written or deposited
- Free first order of business checks
- Free Business Debit Mastercard—with no monthly fee
- Free Online Banking with Bill Pay
- No Monthly Service Charge
Flex Business Checking
Designed for those who want to take advantage of our flexible business banking services and monthly Earnings Credit (a calculation of the net funds available in your account, which can be used to offset all or a portion of your added services).
- No minimum balance requirement
- No per-item fees for cash & coin deposits, or checks written or deposited
- Free first order of business checks
- Free Business Debit MasterCard—with no monthly fee
- Free Online Banking with Bill Pay
- $10 monthly Service Charge (may be offset by a monthly Earnings Credit)
- No Monthly Statement Fee
Nonprofit Advantage Checking
Nonprofit Advantage Checking is an interest-bearing account with no monthly fees and no minimum monthly balance requirement. This account is designed to help nonprofit organizations like yours save money—so you have more to spend on the programs and services you provide for our community.
- Since you are a nonprofit, SBW pays you interest on your account balance
- No minimum balance requirement
- No per-item fees for cash & coin deposits, or checks written or deposited
- Free first order of business checks
- Free Business Debit MasterCard—with no monthly fee
- Free Online Banking with Bill Pay
- No monthly Service Charge
All rates effective Saturday, February 22, 2025 unless otherwise noted and are subject to change without notice.
Nonprofit Advantage Checking
| Interest Rate | Annual Percentage Yield (APY) | Minimum Balance to Obtain APY | Minimum Deposit To Open | |
|---|---|---|---|---|
| $500 to $24,999.99 | 0.03% | 0.03% | $500.00 | $10.00 |
| $25,000 to $74,999.99 | 0.03% | 0.03% | $25,000.00 | $10.00 |
| $75,000 to $249,999.99 | 0.03% | 0.03% | $75,000.00 | $10.00 |
| $250,000 or more | 0.03% | 0.03% | $250,000.00 | $10.00 |
IOLTA
| Interest Rate | Annual Percentage Yield (APY) | Minimum Balance to Obtain APY | Minimum Deposit To Open | |
|---|---|---|---|---|
| $1,000 to $99,999.99 | 0.03% | 0.03% | $1,000.00 | $10.00 |
| $100,000 to $199,999.99 | 0.03% | 0.03% | $100,000.00 | $10.00 |
| $200,000 or more | 0.03% | 0.03% | $200,000.00 | $10.00 |
Business Money Market Accounts
| Interest Rate | Annual Percentage Yield (APY) | Minimum Balance to Obtain APY | Minimum Deposit To Open | |
|---|---|---|---|---|
| $2,500 to $24,999.99 | 0.35% | 0.35% | $2,500.00 | $500.00 |
| $25,000 to $99,999.99 | 0.40% | 0.40% | $25,000.00 | $500.00 |
| $100,000 to $249,999.99 | 0.50% | 0.50% | $100,000.00 | $500.00 |
| $250,000 or more | 0.60% | 0.60% | $250,000.00 | $500.00 |
See What Your Friends And Neighbors Are Saying
Don't Take Our Word For It!
“The fact that Savings Bank of Walpole is a local bank is key. It makes running our business easy because they’re always available to answer our questions quickly!”
Beth and Matt Woods | 21 Bar & Grill
SBW Business Banking Customer since 2020
