Business Money Market Savings
Have your money work harder for you and your business by investing in our Business Money Market Account. Enjoy the flexibility to tackle both planned and unexpected expenses while earning a higher rate than a typical savings account.
- Opening deposit: $10,000.00
- Minimum balance to avoid fees: $10 monthly service fee is waived with $10,000 average ledger balance during the monthly cycle
- Interest Rate Tiers:
- $0 - $10,000 balance earns interest rate of 0.20% / 0.20% APY*
- $10,000 -$100,000 balance earns interest rate of 1.15% / 1.16% APY*
- $100,000 and over, balance earns interest rate of 1.24% / 1.25% APY*
All funds on deposit earn an interest rate based on the available balance each day of the month. The interest rate may change at any time. Interest will be compounded every month and credited to the account every month.
- Transaction limitations: Six (6) free withdrawals each month. A $10.00 Excess Withdrawal fee is accessed for each withdrawal over six (6).