Business Banking - Checking

Business Checking

At Independence Bank, we offer a variety of checking accounts to fit your needs. Call today to speak directly with one of our relationship managers (401) 886-4600. 

Business Interest Checking 

(For sole proprietors and non-profits.)

  • $100 opening deposit
  • No monthly fee
  • No minimum balance required

IOLTA 

(Designed for lawyers and law firms to hold escrow deposits. Interest earned on the account is forwarded to RI Bar Association to support legal foundations.)

  • $100 opening deposit
  • No monthly or per item fees
    • Interest paid on balances

Business Checking Interest Rates

Personal Deposits Interest Rate APY*
$0 - $9,999 0.25% 0.25%
$10,000 - $24,999 0.25% 0.25%
$25,000 - $49,999 0.25% 0.25%
$50,000 - $74,999 0.25% 0.25%
$75,000 0.25% 0.25%

*Annual Percentage Yield - effective as of 6/16/2015. Rates are subject to change at any time and may change after the account is opened. A $45.00 minimum balance is required to earn the stated APY.

Our Business Is Small Business.
1370 S County Trl., East Greenwich, Rhode Island 02818   |   888-824-8873