Business Money Market
To put your excess capital to work without sacrificing total accessibility, a Business Money Market is a great option. Our tiered rate structure ensures that larger balances earn higher gains.
- Summary
- $2,500 minimum deposit to open
- Tiered interest rate structure
- Interest is compounded daily and credited monthly
- Daily ledger balances of $2,500 and over earn interest
- 6 free pre-authorized withdrawals per statement cycle, which may be made by check, draft, or POS to a third party
- Additional withdrawals, checks, drafts, or POS transfers are $10 each*
- Free personalized checks in selected style
- Free Online Banking
- Free Online Billpay
- Free Notary Service
- $11 monthly maintenance fee. Fee can be waived if daily ledger balance is $2,500 or above OR by maintaining a $10,000.00 combined average daily balance in all deposit accounts
* Withdrawal limits may apply
Fees may reduce earnings.
Rates
Rates Effective 05/08/2013
| Accounts | Tiers | Interest Rate | APY* |
|---|
| Business Money Market | |||
|---|---|---|---|
| .00 - $2,499.99 | -- | -- | |
| $2,500.00 - $24,999.99 | 0.20% | 0.20% | |
| $25,000.00 - $99,999.99 | 0.35% | 0.35% | |
| $100,000 and over | 0.50% | 0.50% | |
*APY = Annual Percentage Yield. Rates on account are subject to change.
