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Our simple and flexible investment options can help your business plan for growth, prepare for unexpected expenses and opportunities that may arise, and even enhance the way you compensate your staff.
Our Business Savings and Investment Options
Savings Accounts
Regular Savings
A variable-rate account with a low minimum balance requirement and maximum liquidity.
Benefits
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A small opening deposit requirement. |
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This account offers high liquidity so you can access funds easily if an unexpected need arises. |
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Can be used as an Overdraft Protection account. |
Regular Savings Features
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Minimum deposit to open: $100. |
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Up to six free withdrawals/transfers each month and unlimited deposits. |
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Free ATM card is available to sole proprietors. (We don’t generally charge you a fee for accessing ATMs, but please refer to our “Service Fee Schedule” for current information.) |
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Monitor your account with our Free Online Banking service geared toward individuals and sole proprietors, or with WebLink, our online cash management service. |
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Make it easy to save regularly by setting up automatic transfers from your APB business checking account to your Regular Savings account. |
Interest Information
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Earn interest on your daily account balance. |
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Interest is calculated daily and is compounded monthly. |
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Fees could reduce the earnings on the account. |
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The interest rate and annual percentage yield (APY) are subject to change at any time without notice. |
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Current rates are available on our web site, or upon request. |
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| Regular Savings Daily Balance |
Interest Rate * |
Annual Percentage Yield * |
| All Balances |
.15% |
.15% |
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Fees
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Account is free with minimum daily balance of $300. |
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$3.00 monthly service fee if daily minimum balance falls below $300. |
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A $1.00 excess withdrawal fee will apply. |
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Local sales tax may apply to service charges and fees. |
Health Savings Accounts for Your Employees
Health Savings Accounts, coupled with a high-deductible health plan (HDHP), can be a great option for individuals who are self employed and are searching for a way to purchase affordable insurance. This approach can also be a way for businesses to begin offering or continue offering medical coverage for employees as medical expenses continue to soar.
If you are considering a high-deductible health Plan (HDHP) for your business, please contact us about our Health Savings Accounts for your employees. We would be happy to come to your business to discuss this with you, and when the time comes, we can make a presentation to your employees to explain how Health Savings Accounts work, and help them with the new account paperwork.
For more information, you may also want to refer to our Health Savings Account section on our web site.
Money Market Accounts
Want an account where you can earn a higher rate of interest and occasionally access with a check? We offer two options, both with tiered interest rates.
Money Market Account
The Money Market account is perfect if you plan to carry lower balances in the account and want some added flexibility.
Benefits
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Limited check access on your investment funds. |
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Tiered interest so you earn more as your balance grows. |
Money Market Features
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Minimum to open: $100. |
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Can make up to six transfers/withdrawals each month, three of which may be check or other types of payments to third parties; regulatory restrictions apply. |
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Free ATM or Visa® Check Card is available to sole proprietors. (We don’t generally charge you a fee for accessing ATMs, but please refer to our “Service Fee Schedule” for current information.) |
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Access your funds with our free Online Banking, our basic Internet banking service geared toward individuals and sole proprietors. |
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Manage your Money Market funds via WebLink, our online cash management service. |
Interest Information
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Interest rates are tiered, based on the daily balance. |
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Interest is calculated using the daily balance method and is compounded monthly. |
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The interest rate and annual percentage yield (APY) are subject to change at any time without notice. |
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Fees could reduce the earnings on the account. |
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| Money Market Daily Balance |
Interest Rate * |
Annual Percentage Yield * |
| Below $499.99 |
.05% |
.05% |
| $500 to $2,499.99 |
.05% |
.05% |
| $2500 to $9,999.99 |
.10% |
.10% |
| $10,000 to $24,999.99 |
.15% |
.15% |
| $25,000 or more |
.30% |
.30% |
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Fees
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$5.00 monthly service fee (waived if $500.00 minimum daily
balance is maintained). |
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A $1.00 excess withdrawal fee may apply. |
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Local sales tax may apply to any fees. |
Preference Money Market
The Preference Money Market account benefits investors with higher accumulated savings, and is usually best if you generally have $25,000 or more in your account.
Benefits
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Limited check access on your investment funds. |
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Tiered interest so you earn more as your balance grows. |
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The opportunity to earn a higher annual percentage yield on higher balances. |
Preference Money Market Features
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Minimum deposit to open: $100. |
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Can make up to six transfers/withdrawals each month, three of which may be check or other type of payments to third parties; regulatory restrictions apply. |
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Free ATM or Visa® Check Card is available to sole proprietors (We don’t generally charge you a fee for accessing ATMs, but please refer to our “Service Fee Schedule” for current information.) |
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Access your funds with our free Online Banking, our basic Internet banking service geared toward individuals and sole proprietors. |
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Manage your Money Market funds via WebLink, our online cash management service. |
Interest Information
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Interest rates are tiered based on the daily balance. |
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Interest is calculated using the daily balance method and is compounded monthly. |
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The interest rate and annual percentage yield (APY) are subject to change at any time without notice. |
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Fees could reduce the earnings on the account. |
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Preference Money Market
Daily Balance |
Interest Rate * |
Annual Percentage Yield * |
| Below $10,000.00 |
.10% |
.10% |
| $10,000 to $24,999.99 |
.10% |
.10% |
| $25,000 to $49,999.99 |
.20% |
.20% |
| $50,000 to $99,999.99 |
.30% |
.30% |
| $100,000 to $499,999 |
.40% |
.40% |
| $500,000 or more |
.50% |
.50% |
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Fees
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$5.00 monthly service fee (waived if $500.00 minimum daily
balance is maintained). |
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A $1.00 excess withdrawal fee may apply. |
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Local sales tax may apply to any fees. |
Certificates of Deposit (CDs)
Regular Fixed-rate CDs:
Benefits
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Earn a higher rate of interest than is available on savings accounts. |
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Pick your term to match your investment goals. |
Fixed-rate CD Features
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Minimum deposit to open: $2,000. |
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Terms are available from seven days to five years. |
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Early withdrawal penalties may apply if funds are withdrawn prior to maturity, which could reduce earnings on the account. |
Interest Information
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The interest rate/annual percentage yield (APY) in effect at the time the CD is opened is guaranteed through the maturity date. |
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The daily balance method is used to calculate interest. |
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For terms over one year, interest is compounded and credited annually (on December 31st) and at maturity; for terms less than one year, interest is compounded and credited at maturity. |
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| Regular Fixed-rate CD Terms |
Interest Rate * |
Annual Percentage Yield * |
| 7 to 31 Days |
.10% |
.10% |
| 32 to 59 Days |
.20% |
.20% |
| 60 to 89 Days |
.40% |
.40% |
| 90 to 179 Days |
.50% |
.50% |
| 180 to 269 Days |
.70% |
.70% |
| 270 to 364 Days |
.80% |
.80% |
| 1 Year |
.90% |
.90% |
| 1.5 Years |
1.25% |
1.25% |
| 2 Years |
1.50% |
1.50% |
| 3 Years |
2.00% |
2.00% |
| 4 Years |
2.25% |
2.25% |
| 5 Years |
2.50% |
2.50% |
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Fees
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There are no account or set up fees, but there is an early withdrawal penalty. |
Special-rate CDs
From time to time, we offer Special-rate CDs. These CDs may have different opening deposit amounts and terms, and they are usually only available for a limited time. Check our “What’s New” page for any current specials.
Jumbo CDs
If you have more than $100,000 to invest, please contact us about a Jumbo CD. Depending on the amount of the CD and the term, we may be able to negotiate a special rate.
CDs Through CDARS®
Certificate of Deposit Account Registry Service®
These CDs are available to customers who want full FDIC insurance on deposits larger than $100,000. How it works: your CD investment is split up into smaller CDs (each is less than $100,000) and placed with other banks that are members of this special CD network. This ensures that all of your CD funds are eligible for FDIC insurance. You earn one rate on your whole investment. And, you’ll like the fact that you only receive one statement for the total investment, keeping paperwork to a minimum. Since we don’t share your business account information with member banks (it all resides with us), your confidentiality is protected. Please contact us for details and to determine if this option would benefit you.
*CDARS and Certificate of Deposit Account Registry Service are service marks of Promontory Interfinancial Network, LLC.
Variable-rate CDs
Benefits
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Ability to make additional deposits and earn CD rates. |
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Earn a higher rate of interest than is available on savings accounts. |
Variable-rate CD Features
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Minimum deposit to open: $2,000. |
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Two investment terms available to choose from. |
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Unlimited additional deposits may be made at anytime, in any increment. |
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Early withdrawal penalties may apply if funds are withdrawn prior to maturity, which may reduce earnings on the account. |
Interest Information
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Interest is calculated using the daily balance method. |
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Interest is compounded and credited semi-annually (at June 30 and December 31) and at maturity. |
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The interest rate and annual percentage yield (APY) are subject to change at any time without notice. |
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| Variable-rate CD Terms |
Interest Rate * |
Annual Percentage Yield * |
| 1 Year |
.65% |
.65% |
| 2.5 Year |
1.74% |
1.75% |
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Simplified Employee Pension Plans (SEPs)
A Simplified Employee Pension Plan is a good retirement plan alternative for consultants, contract workers, sole proprietors, partnerships, and small businesses.
Benefits
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A SEP is a relatively simple and cost effective way to offer a retirement plan for you and your employees, and involves less paperwork than many other plans. |
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SEP contributions that the business makes do not apply to the IRS contribution limits for personal IRAs (yours or your employees); however, if employees choose to make personal contributions to their SEPs, those contributions will lower the amount they can contribute to any personal IRA they may choose to establish. |
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The business has the option of making annual discretionary contributions. |
SEP Features
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A business can establish an employee retirement plan without the cost and paperwork of administering a more complex plan. Contributions are made through SEP IRAs, set up for each qualifying employee. |
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The business makes contributions to the employees’ SEP IRAs, and then these contributions are deductible by the business, as long as they are within IRS guidelines. |
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The maximum amount an employer may currently contribute for each eligible employee is 25% of the eligible compensation, as long as does not exceed the maximum amount allowed by the IRS (subject to change each year). |
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The business can set eligibility criteria, such as age, service, and compensation requirements for participants in its SEP program, as long as they are within federal guidelines.
- You can set a minimum age requirement for employee participation, but you cannot select any age over 21 years of age.
- You can stipulate that all participating employees must have worked for you during any three of the last five years. (You have the option, however, of requiring less than three years of employment in the past five years, if you choose.)
- Each year, the IRS established a minimum amount that each employee must have been paid in order to participate in a SEP plan. Check with your tax advisor for current minimums.
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You can choose to fund a SEP plan with any of our fixed- or variable-rate certificates of deposits, or if you prefer with Alaska Pacific Bank's Regular Savings account. |
Fees
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There are no setup or annual maintenance fees. |
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If you invest in a CD, early withdrawal penalties may apply. |
We encourage you to give us a call, so we can answer your questions about SEPS, and provide you with additional assistance.
* Rates quoted are effective as of 03/12/10. Posted interest rates and Annual Percentage Yields are subject to change at any time without notice.
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