Escrow Accounts
If your business collects security deposits, you gain tremendous advantage with Escrow Accounts from City National Bank. Earn interest while keeping your operating funds separate.
Easily create sub-accounts for each client deposit, which makes complex financial management simple. There's no minimum deposit or monthly service fee for any of the sub-accounts.
- Summary
- Earns interest on full deposits
- Create sub-accounts for each client deposit
- Easily monitor activity on sub-account level
- One master account login
- Simplify recordkeeping
- No monthly service fee
- No minimum balance
- No minimum deposit to open
