With a WashingtonFirst Bank savings account you can be sure your money works harder for your business.  No matter what your savings goals are, your bank representative will ensure you have the most appropriate type of account to help meet your needs.

Statement Savings

Ideal for those who desire low minimum balance requirements and competitive earnings.

  • Minimum opening deposit of $100.00
  • Average daily collected balance of $100.00 required to avoid a monthly maintenance fee
  • Interest is compounded and credited monthly*
  • Unlimited withdrawals made in branch or at ATMs**

*Please request the WashingtonFirst Bank Deposit Rates sheet for current interest rates or visit Deposit Rates; Annual Percentage Yield (APY) and applicable yield tiers.

**During any statement cycle you may not make more than six (6) withdrawals or transfers to another WashingtonFirst Bank account or to a third party by means of a preauthorized or automatic transfer, telephone order or instruction, computer transfer, check, draft, debit card or similar order to a third party.  Transactions that exceed this limit will be subject to the excessive withdrawal fee and/or may result in the reclassification or closure of your account.

(Refer to Schedule of Fees and Special Services for details)

Business Money Market Account

The WashingtonFirst business money market account is a tiered savings account which rewards business for maintaining higher balances in their savings accounts.   Your earnings grow faster, but if you ever need to make a withdrawal, you have complete access to your funds – even by check.

  • Minimum opening deposit of $2,500.00
  • Average daily collected balance of $2,500.00 required to avoid a monthly maintenance fee
  • Interest rate is determined by the average daily collected balance maintained in one of four deposit tiers*
  • Interest is compounded and credited monthly
  • Added flexibility with the ability to write a limited number of checks per statement cycle**
  • Other charges may apply***

*Please request the WashingtonFirst Bank Deposit Rates sheet for current interest rates or visit Deposit Rates; Annual Percentage Yield (APY) and applicable yield tiers.

**During any statement cycle you may not make more than (6) withdrawals or transfers to another WashingtonFirst Bank account or to a third party by means of a preauthorized or automatic transfer, telephone order or instruction, computer transfer, check, draft, debit card or similar order to a third party.  Transactions that exceed this limit will be subject to the excessive withdrawal fee and/or may result in the reclassification or closure of your account.

***Refer to Schedule of Fees and Special Services for details

Certificates of Deposit (CDs)

Whether you’d like your business funds to earn a competitive rate of interest for a short period of time or for a longer term, you’ll find an FDIC insured business CD from WashingtonFirst Bank that fits your business’ needs.  Because each CD has a fixed term, earnings are guaranteed from the day you open your account until the day it matures.

  • Minimum opening deposit of $1,000.00
  • Wide range of fixed terms available
  • Highly competitive interest rates*

Penalties will be incurred for withdrawing funds prior to the agreed upon term.

*Please request the WashingtonFirst Bank Deposit Rates sheet for current interest rates or visit Deposit Rates; Annual Percentage Yield (APY) and applicable yield tiers.

CDARS®

Become a smart investor and watch your balances grow through a Certificate of Deposit Account Registry Service (CDARS®). CDARS® provides access to multi-million dollar FDIC insurance coverage on CD investments by working directly with us— the bank you know and trust. Contact our CDARS® representative to get started today!