Two Checking Accounts Built for Business Owners
Your business is unique, and so are your needs from your business checking account. PSB Bank offers our business banking customers two options: Business Checking and Business Interest Checking. Both these accounts offer:
- Free eStatements
- Free online banking and bill pay
- Free mobile banking
- Free zippered money bags
- Unlimited deposits
- Night depository services
If you're interested in opening a business checking account at PSB Bank, please contact our offices to speak with a member of our business banking team.
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Compare PSB Bank's Business Checking Account Options
Feature | Business Checking | Business Interest Checking* |
|---|---|---|
Best For | Businesses wanting a simple, no‑fee checking account | Businesses maintaining higher balances and earning interest |
Minimum Balance Requirement | None | $1,000 daily minimum ($15 fee if balance falls below $1,000 any day in statement period) |
Interest Earned | No | Yes (variable; compounded monthly) |
Deposits | Unlimited | Unlimited |
*Interest Accrues monthly; compounds monthly; credits monthly. At our discretion we may change the interest rate on your account. If the account is closed prior to interest posting: Interest is forfeited.
Business Checking Rates
Rates current as of 11/02/2026
Interest Rate | Annual Percentage Yield1 (APY) | Minimum deposit to open account | Minimum balance required to earn interest |
|---|---|---|---|
0.25% | 0.25% | $1,000 | Up to $50,000 |
0.50% | 0.50% | - | $50,000.01 to $100,000 |
0.75% | 0.75% | - | $100,000.01 to $250,000 |
| 1.25% | 1.26% | - | $250,000.01 to $500,000 |
| 2.00% | 2.02% | $500,000.01 and Over |
1APY = Annual Percentage Yield; fees could reduce earnings on accounts.
Interest rates and annual percentage yields are current as of the effective date at the top of this rate sheet. Interest rates are subject to change. The minimum deposit to open account amounts is the minimum balance required to earn the Annual Percentage Yield.