Business Savings
Purpose-built reserve account with published interest tiers, transfer rules aligned to Regulation D conventions, and e-statements by default.
- FDIC insurance within applicable limits when placed with an insured institution
- Paper statement fees listed in the Schedule of Fees
- Sweep targets configurable when treasury services are enabled
Documented pricing
Fees, waivers, and disclosures before you fund.
Controls that scale
Dual approval, alerts, and card policies for teams.
Named coverage
Relationship bankers for onboarding and renewals.
Credit discipline
Lending and deposits coordinated with one mandate.
Frequently expanded topics
Tap a row to read how Sky documents each area—authoritative terms still live in your Truth in Savings disclosure.
Tier placement & average balances
Daily balance methods determine tier; blended-rate examples appear in the supplement you receive before funding.
Transfers, sweeps, and Regulation D
Some savings-class products still carry transfer counts; Money Market disclosures list permitted withdrawals separately.
Statements, tax, and backup withholding
Interest reporting follows IRS timelines; backup withholding applies when certifications lapse—your online vault stores notices.
Reserve targets we document with you
Payroll buffers, deductibles, and tax remittances should live outside operating balances so board packs stay legible.
- Two to four weeks of loaded payroll + employer taxes when your policy requires.
- Property and liability deductibles segregated from vendor spend.
- Month-end snapshots aligned to your liquidity policy appendix.