Commercial Savings Account
Commercial savings help fuel growth.
Maximizing your savings is key to helping you reach your goals.
Because the more you can earn, the more you will have, and the more you can invest in growing your business.
Your relationship with Alabama ONE starts with savings — and grows from there.
Ascend Fund
Ascend Fund* is available for new deposits only, offers a higher interest rate than many deposit accounts, a 12-month term and $25,000 minimum initial deposit. Minimum balance of $25,000 must be maintained to earn 4.07% APY. Members with the Ascend Fund Account may withdraw up to 6 times per month. No penalty for early withdrawal. New money can be added at any time during the 12-month period.
*New deposits (New money) must be funds from another institution, not funds already at Alabama ONE. Rate subject to change. APY is accurate as of 05/01/2024. Fees may reduce earnings. Interest is compounded monthly.
- 12-month term
- $25,000 minimum initial deposit
- May withdraw up to 6 times per month
- No penalty for early withdrawal. New money can be added at any time during the 12-month period
- 4.07% Annual Percentage Yield (APY)
- Dividends are compounded and paid monthly
- Available for consumer and commercial accounts
- Excess Share Insurance (ESI) up to an additional $250,000 and premiums are paid by Alabama ONE
Commercial Membership Savings Account
A $5 deposit opens your Share ONE savings account and establishes your relationship with Alabama ONE.
- $5 minimum opening deposit
- Pays dividends
- e-Statements
- Digital Banking
Commercial Daily Money Market Account (DMMA)
Keep your savings working as hard as you do in our Commercial Daily Money Market account.
- $1000 opening deposit
- Earns competitive money market interest return
- No early withdrawal penalties
- Dividends are compounded and paid monthly
- Digital Banking
- e-Statements
- Up to six free withdrawals per month
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