Savings Comparison

Find the Right Account to Reach Your Goals

Liquidity and cashflow are essential to the health of your business. From traditional business savings accounts to money markets, our savings options offer a dedicated source of funds you can put to work for your business.

Preferred Money Market

The Preferred Money Market account is a business money market account that puts your money to work for you. You can earn a competitive premium interest rate so that your balance grows without you needing to shop around. The more you save, the more you earn.1

Commercial Money Market

The Commercial Money Market account offers competitive interest rates in a low-risk setting. The account helps you
earn interest on a lower minimum daily balance and improve your cash flow as a safe and liquid investment alternative.

Business Savings

Your business needs a trusted partner to manage your savings. Our business savings account is designed for small business, helping you grow your savings while maintaining access to funds. Low balance requirements allow you to avoid monthly fees and start earning interest on any balance. 

Certificate of Deposit

CDs help your business prepare for short-term and long-term goals with guaranteed fixed-rate returns. Available in a variety of term lengths, CDs are a risk-free investment option to help your money grow until you need it most. If you have excess funds that you don’t need to access for a specified length of time, you receive a higher rate.

We can help maintain the liquidity you need while maximizing the productivity of your capital.


Put Idle Funds to Work For You

Learn More

Not sure which options are best for your business?

Help me decide

Our side-by-side feature chart will help you consider the details.

 

Business Savings

Commercial Money Market3

Preferred

Money

Market 1, 2

Certificate of Deposit

Minimum deposit to open

$100

$2,500

$100

$1,000

Monthly service charge

$3

$10

$25

N/A

Minimum daily balance to waive charge

$200

$2,500

$25,000

N/A

Average collected balance to earn interest

All collected balances

$2,500

$25,000

All collected balances

Withdrawals*

3 free withdrawals per month, otherwise $3

6 free withdrawals per month, otherwise $15

6 free withdrawals per month, otherwise $15

 N/A

Telephone Banking

Online Banking Access

View Only

1 Federal regulations limit savings and money market accounts to six pre-authorized or electronic payments, withdrawals, or outgoing transfers per month. This includes account transfers or payments initiated by telephone, mobile banking and online banking, as well as automatic debits and transfers (such as automatic bill payments and overdraft protection services).

2 Eligible checking for the Preferred Money Market are limited to Preferred Business Checking, Essential Business Checking, and Interest Business Checking accounts that have a minimum of 5 client-initiated debit or credit transactions in the statement cycle. If you do not have one of the eligible checking account types or if your linked checking account does not meet the minimum number of transactions, your Preferred Money Market Account will earn the default interest rate and APY. Refer to the Business Services Information Disclosure Schedule of Fees for full details and rates.

3 No limitations or fees on deposited items.

Hancock Whitney Bank, Member FDIC. All accounts subject to credit approval. Terms and conditions apply.

Hancock Whitney Bank, Member FDIC and Equal Housing Lender Logo Equal Housing Lender. All loans and accounts subject to credit approval. Terms and conditions apply.

Hancock Whitney and the Hancock Whitney logo are federally-registered trademarks of Hancock Whitney Corporation. Copyright © 2020 Hancock Whitney Bank.
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