business > Savings, Money Markets & CDs > Business Money Market

Business Money Market

 

Business Money Market
Summary
Designed For
Businesses looking to maintain liquidity while earning a higher rate of interest
Opening Requirements $50
Maintenance Fee $10/month
How To Avoid or Reduce Maintenance Fee $1,000 daily minimum balance requirement per statement cycle
Transaction Allowance Limit of six (6) preauthorized transfers from your account each month per Federal Regulation D 1
Earns Interest Yes
Interest Tiers

$0 - $9,999

$10,000 - $49,999

$50,000 - $99,999

$100,000 - $249,999

$250,000 - $499,999

$500,000 +

Online Banking Yes
Extras
  • Monthly Statement cycle
  • Free combined statements
  • eStatements available
  • Business Debit Card
  • Business Credit Card
Additional Fee Information Please refer to Schedule of Service Charges & Fees

1 Federal Regulation D limits certain types of withdrawal and transfer transactions you can make out of your savings or money market account to a maximum combined total of six (6) preauthorized transfers per month.  These transactions include automatic transfers for overdraft coverage to your checking account, checks, drafts or similar other withdrawals payable to third parties, point-of-sale (POS) purchase transactions with an ATM/debit card, or by preauthorized or automatic payment transfers (including ACH and wire transfers) via telephone or online (including Bill Pay). Excessive transactions may result in the Bank, at its discretion, either closing your account or changing your account to a noninterest-bearing account.

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Sat. 8am - 2pm
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