Business Savings Accounts

Best Way to Invest

Interested in opening a business savings account with The Bank of Glen Burnie (BofGB)? We have a variety of options that are compatible to your business saving needs.

Money Market


Open Account
  • $2,500 minimum opening deposit

  • Interest calculated daily and credited monthly

  • No monthly maintenance fee unless daily balance falls below $2,500; then only $7

  • An activity fee of $15 will be charged for each debit transaction in excess of six during a statement cycle

  • Monthly statements

Money Market ADVANTAGE


Open Account
  • $25,000 minimum opening deposit

  • Interest calculated daily and credited monthly

  • No monthly maintenance fee unless daily balance falls below $25,000; then only $7

  • An activity fee of $15 will be charged for each debit transaction in excess of six during a statement cycle

  • Monthly statements

Business Statement Savings


Open Account
  • $100 minimum opening deposit

  • No monthly maintenance fee unless daily balance falls below $100; then only $3

  • An activity fee of $10 will be charged for each debit transaction in excess of six during a statement cycle

  • Interest calculated daily and credited monthly

  • Monthly statements

Business Certificates of Deposit (CDs)


Open Account
  • $500 initial deposit with the exception of the 13 month and 15 month which require $2,500, and the 25 month which requires $5,000

  • Interest rate is fixed for the entire term of the certificate with the exception of all Bump-Up Certificate terms which are variable

  • Interest is calculated daily and credited monthly

  • Interest compounded in the account

  • Certificates automatically renew at current interest rate if not redeemed at maturity

  • Substantial penalty for early withdrawal (penalty does not apply to 30-day Certificates)

Business Retirement Account (IRA)


Open Account
  • Individual Retirement (IRA) Account

  • Simplified Employee Pension (SEP) Account

  • Traditional IRA

Interest Rates

All interest rates are set by The Bank of Glen Burnie® and are subject to change at any time based on market conditions.

Important Information: Fraud Protection | New Account Opening Information