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Business Savings Account

Business Savings Account

Business savings help fuel growth.

Maximizing your savings is key to helping you reach your goals.

Because the more you can earn, the more you will have, and the more you can invest in growing your business.

Your relationship with Alabama ONE starts with savings — and grows from there.

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Get a higher interest rate than most

Ascend Fund

Ascend Fund* is available for new deposits only, offers a higher interest rate than many deposit accounts, a 12-month term and $25,000 minimum initial deposit. Minimum balance of $25,000 must be maintained to earn 4.07% APY. Members with the Ascend Fund Account may withdraw up to 6 times per month. No penalty for early withdrawal. New money can be added at any time during the 12-month period.

*New deposits (New money) must be funds from another institution, not funds already at Alabama ONE. Rate subject to change. APY is accurate as of 05/01/2024. Fees may reduce earnings. Interest is compounded monthly.

  • 12-month term
  • $25,000 minimum initial deposit
  • May withdraw up to 6 times per month
  • No penalty for early withdrawal. New money can be added at any time during the 12-month period
  • 4.07% Annual Percentage Yield (APY)
  • Dividends are compounded and paid monthly
  • Available for consumer and business accounts
  • Excess Share Insurance (ESI) up to an additional $250,000 and premiums are paid by Alabama ONE
basic savings account
Basic Savings

Business Membership Savings Account

A $5 deposit opens your Share ONE savings account and establishes your relationship with Alabama ONE.

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Expand your savings opportunity

Business Daily Money Market Account (DMMA)

Keep your savings working as hard as you do in our Business Daily Money Market account.

  • $1000 opening deposit
  • Earns competitive money market interest return
  • No early withdrawal penalties
  • Dividends are compounded and paid monthly
  • Digital Banking
  • e-Statements
  • Up to six free withdrawals per month

What’s Your ONE?

Want to Speak to an Expert?

Dive into an ultraconvenient experience with Penny, our AI-powered online chat service, that provides instant and accurate assistance around the clock, or connect with our team through Live Chat 7:30 AM to 6:00 PM, Mon-Fri for personalized support. Plus, we've extended our after-hours servicing for loans and new account assistance, now available from 5:00 PM to 10:00 PM, Mon-Fri, ensuring we're here for you whenever you need us.

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