Money Market Account
If you are looking for premium interest rates, a Business Money Market account gives you access to cash reserves with check writing capability without sacrificing security, liquidity or flexibility. Tiered earned interest accrues daily on your balance of $500 or more and is compounded and credited monthly.
There is no monthly fee on accounts with a $1000 minimum daily balance; accounts not maintaining a $1000 mininum daily balance incur a $5 fee.
Tiers for interest rates assignments are as follows:
- Tier 1: $500--$9,999
- Tier 2: $10,000--$49,999
- Tier 3: $50,000--$99,999
- Tier 4: $100,000--$499,999
- Tier 5: $500,000 and up
Transfers from your account are limited to six per statement period via automatic, electronic and telephone means. Transfers and withdrawals in person are unlimited.