Sometimes it’s just not feasible to lock up company funds for a fixed term. That’s where a money market comes in. This account features liquidity and competitive interest rates, so you can build your business’ safety net while still retaining access to cash when you need it. Get up to six free transactions per month, and avoid the monthly service fee when you maintain a minimum $1,000 balance.
Business Money Market Account
Details
- Competitive, tiered rates
- View our current rates
- Higher balances earn higher rates
- Interest paid monthly
- Enjoy flexibility with enhanced access to funds
- Up to 6 transfers per month; $10 fee per transfer in excess thereafter
- Avoid $10 monthly service fee by maintaining a $1,000 minimum daily balance
- Free business online banking
- Free business eStatements*
- $25 minimum deposit to open
Account Restrictions
Transfers or withdrawals from a money market account to (a) another account of the same depositor at our institution or to (b) a third party or an account of the same depositor at another bank, if made by preauthorized transfer, automatic transfer, telephone, fax or internet banking service and (c) transfers or withdrawals to a third party or to an account of the depositor to another account at another bank made by check, draft, debit card are limited to an aggregate total of six (6) per calendar month. There is no limit to the number of transfers or withdrawals from your money market account to repay loans at our institution or are made in person, by mail, by messenger or at an ATM. These transactions are considered made on the date the transaction posts and settles to your account, not the date the withdrawal request was initiated.
*Paper statements delivered by mail are available for $4.00 per statement. When the daily account balance is at least $10,000 or more each day of the statement cycle, the paper statement fee will be waived for that cycle.
