Business Savings Account

Earn a competitive savings rate and pay zero bank fees¹ with a business savings account at Amplify.

No fees. Just Savings.

  • No account or transfer fees.
  • No minimum balances.
ANNUAL PERCENTAGE YIELD

4.00 %APY*

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All of the savings. None of the fees.

In 2022, Amplify made national headlines for its commitment to fee-free banking. But we didn't stop there: now businesses can grow their cash reserves with a competitive savings rate on business savings accounts of any balance.

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Free Business Savings Account Benefits

Since 1967, our team has worked hard to help local businesses bank with confidence and better serve their communities. Contact our virtual bankers at virtualbranch@goamplify.com to schedule a one-on-one conversation about how Amplify can meet your business needs.

  • Savings Earnings

    Earn an annual savings rate of 4.0% APY on your business deposits with zero minimum balance requirements.

  • Fee-Free Savings

    Business members pay $0.00 in maintenance fees, transaction fees, transfer fees, and all other bank fees.

  • Liquid Accounts

    Unlike term deposits at other financial institutions, business savings can be spent or transferred at any time without penalties or fees.

  • Virtual Support

    Receive personalized support from our virtual bankers from the start of the application process and throughout your banking at Amplify.

  • No Automatic Denials

    Your application will be manually reviewed by a member of our virtual branch. Our team will work with your organization to address any issues with your application.

  • NCUA Protection

    Your business will be covered for up to $250,000 in deposits through the National Credit Union Share Insurance Fund (NCUSIF).

Application Steps

Want to know more about the application process at Amplify? Below is a breakdown of each stage of the application process -- from the initial contact form submission to the final onboarding experience.

  • Submit Our Contact Form

    Use the form below to provide the name and contact information of your business representative. A virtual banker will reach out in one (1) business day to discuss your banking needs.


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  • Complete the Application

    Shortly thereafter, you will receive a copy of the business account application from your virtual banker. This will include a checklist for application materials based on your organization type.


  • Account Approval

    Your virtual banker will then review the application and contact you with any questions or concerns. As a reminder, there are no automated denials for business account applications.


  • Enroll and Fund

    Once your application is approved, your virtual banker will reach out with additional information on how to fund your Amplify account(s) and enroll in online banking.


Business Savings FAQs

Here are some of the most common questions we get about our business savings accounts. If you would like to discuss the application process or our banking features with a member of the team, please email us at virtualbranch@goamplify.com.

  • I'm an existing business member. Do I need to reapply?

  • Are there any requirements to earn a savings rate?

  • What documents do I need to open an account?

  • Can I access my business account in online banking?

Our business is your success

If you would like to learn more about business banking at Amplify, use this form to submit your name, contact information, and the organization you represent. A virtual banker will follow up within one (1) business day to discuss your application.

Please do not include any sensitive information such as account number or social security number.

¹The term bank fees refers to any fees associated with the operation of personal or business deposit accounts. This includes savings accounts, checking accounts, certificates of deposit, and money market accounts. Bank fees does not refer to personal, commercial, or real estate loan products, or to third-party services offered through Amplify (such as wealth management or credit card services).

²APY is Annual Percentage Yield and accurate as of 08/15/2023 and is subject to change without notice.

Please refer to the Share Account Rate Disclosure, Certificate Account Rate Disclosure, and Beneficial Owner Disclosure for further information relating to the above products. See Business Fee Schedule & Rate Schedule for current rates and fees.