Business Savings Account — First Citizens BancShares

The Business Savings Account from First Citizens BancShares is designed for small- and mid-sized companies, nonprofit organizations, and professional practices that want to build liquidity, maintain financial flexibility, and earn competitive interest on idle cash. Backed by the stability and experience of First Citizens BancShares, this account balances safety, simplicity and practical tools for everyday treasury management — so business owners can focus on growth while cash works harder.

Why choose a Business Savings Account?

Holding funds in a dedicated savings vehicle helps businesses separate operating cash from reserves, plan for upcoming expenses, and maintain a cushion for unexpected needs. First Citizens’ business savings account offers:

• Reliable deposit protection — eligible deposits are insured by the FDIC.
• Competitive interest — tiered-rate options that reward higher balances.
• Flexibility — easy transfers between business deposit accounts and convenient access when you need it.
• Simple integration — online and mobile banking, ACH and wire capabilities for efficient cash management.

Key features at a glance

• Minimum opening deposit: Competitive, business-friendly thresholds to get started quickly.
• Tiered interest rates: Rates increase with account balance to help maximize returns on higher reserves.
• Monthly statements & electronic recordkeeping: Clear reporting for bookkeeping and tax preparation.
• Unlimited internal transfers: Move funds among your First Citizens business accounts with no fuss.
• Online & mobile access: Manage balances, transfer funds and view transaction history 24/7.
• Optional account linking: Link to operating accounts for overdraft protection or sweep services (where available).

Interest and fee structure

First Citizens offers transparent pricing and a straightforward interest schedule. Accounts earn interest based on balance tiers and are compounded periodically. While fee policies may vary by region and account relationship, typical considerations include monthly maintenance fees that can be waived by meeting minimum balance or activity requirements, transaction limits for certain account types, and standard fees for wire transfers or returned items. Contact a local branch or your relationship manager for the most current rate and fee schedule.

Access and cash management tools

The Business Savings Account integrates with First Citizens’ digital and branch services:

• Online Banking: Transfer funds, view statements and set account alerts.
• Mobile App: Quick balance checks and on-the-go account management.
• ACH and Wire Services: Efficient inbound and outbound payments for payroll, vendor payments and receivables.
• Relationship Banking Support: Dedicated commercial bankers can help tailor services such as cash sweep programs, treasury solutions and lending options.

Safety and trust

Deposits in the Business Savings Account are eligible for FDIC insurance, subject to applicable limits and rules. Additionally, First Citizens BancShares employs industry-standard security measures — including encryption, multi-factor authentication for online access, fraud monitoring and secure branch practices — to protect your business funds and information.

Who is this account best for?

The Business Savings Account is an excellent fit for:

• Small businesses building cash reserves for seasonal cycles.
• Nonprofit organizations managing grant funds and operating reserves.
• Professional services firms that require a separate reserve account for taxes or contingency funds.
• Corporate treasuries seeking a low-maintenance vehicle for short-term liquidity.

How to open an account

Opening a Business Savings Account is straightforward:

1. Gather required documentation: business formation documents (articles of incorporation/organization), EIN or tax ID, valid personal identification for authorized signers, and any required resolutions or operating agreements.
2. Visit a branch or start the process online — many businesses can open accounts electronically with e-signature capability.
3. Fund the account with the minimum opening deposit and set up online banking credentials.
4. Discuss optional services such as sweep arrangements, linking to operating accounts, or opening multiple business deposit accounts for improved cash management.

Common questions

Q: Can I link the Business Savings Account to my operating account for overdraft protection?
A: Yes — linking accounts or establishing sweep arrangements can help manage liquidity and avoid overdrafts, subject to bank approval.

Q: Are there limits on withdrawals?
A: While the account provides convenient access, certain regulatory or account terms may limit the number of preauthorized or electronic withdrawals per month. Check current account disclosures for specifics.

Tips to optimize your business savings

• Maintain a minimum operating cushion (typically 1–3 months’ expenses) to reduce the need for emergency borrowing.
• Use tiered balances strategically: consolidate surplus funds to higher-yield tiers or sweep excess into short-term investments when appropriate.
• Coordinate with your First Citizens relationship manager to align account structure with tax planning, payroll cycles and capital needs.

Start building your business reserves today

A Business Savings Account with First Citizens BancShares is a practical, secure and accessible way to hold short-term reserves, earn interest and maintain financial flexibility. Whether you’re just starting to set aside funds or you need a reliable place for long-term working capital, First Citizens offers experienced commercial banking support and digital tools to match your business needs. Contact a local branch or your First Citizens representative to learn current rates, eligibility requirements and to open an account tailored to your organization.

Note: Product features, interest rates, fees and account terms are subject to change and may vary by location. Always review official disclosures and speak with a First Citizens BancShares representative for the most up-to-date information.