Last Updated: 04/18/2025
Norway Savings Bank Business Premium Savings
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.03% - 0.10%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $25
Minimum Balance to Earn APY
$0.01
Norway Savings Bank Business Premium Savings Review
Norway Savings Bank Business Premium Savings is offered by Norway Savings Bank, a bank founded in 1866 and based in Norway, ME. Norway Savings Bank Business Premium Savings are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.10%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No ATM fees. Norway Savings Bank Business Premium Savings does not charge fees on ATM transactions .
Norway Savings Bank Business Premium Savings Pros & Cons
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Norway Savings Bank Business Premium Savings FAQ
Are business savings accounts from norway savings bank federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
Does Norway Savings Bank offer a signup bonus?
Norway Savings Bank Business Premium Savings doesn't offer a signup bonus.
What is the minimum initial deposit for Norway Savings Bank Business Premium Savings?
The minimum deposit to open a Norway Savings Bank Business Premium Savings is $25.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Norway Savings Bank Business Premium Savings offer?
Norway Savings Bank Business Premium Savings offers a variable APY starting at 0.03% and ranging up to 0.10% (APY stands for annual percentage yield, rates may change).
What fees does Norway Savings Bank Business Premium Savings charge?
Norway Savings Bank Business Premium Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Norway Savings Bank Business Premium Savings offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Norway Savings Bank Business Premium Savings allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Norway Savings Bank Business Premium Savings?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Norway Savings Bank Business Premium Savings?
The customer support email for Norway Savings Bank Business Premium Savings is customercare@norwaysavingsbank.com.
Is Norway Savings Bank Business Premium Savings legit?
Norway Savings Bank was founded in 1866; it is a well-established company that has been in business for 160 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 4:30PM
Tuesday
8:30AM - 4:30PM
Wednesday
8:30AM - 4:30PM
Thursday
8:30AM - 4:30PM
Friday
8:30AM - 5:00PM
Saturday
8:30AM - 12:00PM