business savings options / business savings account
Frost Business Savings Account
The Frost Savings Account is the perfect way to start building good savings habits. It’s a safe place for an emergency fund or to begin bucketing funds as you’re saving for different goals.
Let's get startedmonthly service charge
monthly service charge
when you meet any one of the following:
- Waived with $100 minimum daily balance
- OR have a Frost Business Checking or a Frost Business Checking Plus account in the same business name
Enjoy higher interest rates with Frost
| Frost
Annual Percentage Yield (APY)
|
Bank of America
Annual Percentage Yield (APY)
|
Chase
Annual Percentage Yield (APY)
|
Wells Fargo
Annual Percentage Yield (APY)
|
|
|---|---|---|---|---|
|
$0-14,999.99 |
0.30% | 0.01% | 0.01% | 0.01% |
|
$15,000 and over |
0.50%
|
0.01%
|
0.01%
|
0.01%
|
Data for Frost Bank provided by Frost Bank
All Bank of America, Chase, and Wells Fargo rate data shown for an equivalent account of $1-$25,000
Frost Annual Percentage Yield effective as of 03/26/2025. Fees could reduce the earnings on the account.
The interest rate and annual percentage yield may change at any time at our discretion.
Data for Bank of America, Chase, and Wells Fargo provided by:
Information effective 03/19/2025
Business Savings account additional features
- Interest paid quarterly
- Free My Frost Online Banking service
- Make free online transfers to and from your Frost checking account
- Can be used as overdraft protection for your Frost checking account
- Two free withdrawals per month
Opening Your Account
To open a Business Savings account, call (800) 513-7678 or stop by your local Frost financial center and bring:
Tax ID Number or SSN if Sole Proprietorship
Company’s Tax ID number (or Social Security number if Sole Proprietorship)
Business Entity Documents
Certificate of Formation, Certificate of Filing, Company Operating Agreement
Government-Issued Photo ID
This can be a driver’s license, state ID or U.S military ID for each account signer
Business Information
Business physical address
Minimum Opening Deposit
You’ll need to make an initial deposit of $50 or more
You may also need to bring state certificate filings, Entity meeting minutes authorizing signers.
Documentation may vary depending on your type of business.
Experience the Frost difference
At our core, we're just people helping people.
We're passionate about supporting your financial goals, keeping your money accessible, and offering help when you need it.
Real human support
Here for you all day. And all night. Don’t let your financial questions or concerns make you lose sleep. Give us a call 24/7 at (800) 513-7678.
Easy access to your money
Enjoy fee-free ATM withdrawals at H-E-B and Circle K locations statewide, plus CVS and Walgreens stores in Dallas and Tarrant County.
Providing peace of mind
Our technology and security tools like freezing your card in the app or customizing debit card alerts are designed to help you feel more in control of your own money.
