- Tiered rates; earn a higher rate on larger balances.
- Maintain convenient access to funds.
- Avoid monthly service fee with a $1,500 daily balance.
- Save for a rainy day or specific business needs.
- Competitive interest on entire balance.
- Avoid monthly service fee with a $100 daily balance.
- Fixed interest; less risky than other investments.
- Higher yields than regular savings account.
- The longer the term, the higher the interest rate.