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Commercial Savings

Take advantage of opportunities as they arise. 

Straightforward Commercial Savings puts you in a position of financial flexibility. Receive a competitive rate and access to your funds when needed. Like all our accounts, free online banking allows you to manage your funds easily 24/7. And of course, you get the dedicated service of Parkway Bank – local faces, just like you. 

Summary
  • Simple, easy-to-maintain saving solution for any size business
  • Available as a statement savings or passbook*
  • Competitive interest paid on your entire balance**
    • Interest compounded daily, credited quarterly***
  • Avoid the $12 quarterly service fee by maintaining a $100 minimum daily balance
  • Up to 6 transactions per month to another account or to a third party
    • $2 fee per transaction in excess (exceeding 18 per calendar quarter)
    • Transactions limited to preauthorized automatic, telephone, or computer transfers
    • Excludes the transfers by check, draft, debit card, or similar order
  • Free Basic package online banking with eStatements****
  • Free mobile banking
  • Free mobile check deposit
  • $100 minimum deposit to open

 *A $12 fee will be charged to replace a lost passbook. 

**Interest rate and annual percentage yield (APY) subject to change at any time. If you close your account before interest is credited, you will not receive the accrued interest.

***We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

****Up to 5 accounts allowed, thereafter $3.00 for each account.