Business Savings, Money Market, Certificates of Deposit and Cash Management Accounts
Business Money Market Account
Designed for businesses that regularly maintain a higher level of excess cash balances.
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- Minimum opening deposit: $0
- Minimum collected daily balance: $2,500
- Interest calculated: Daily
- Interest paid: Monthly
- Tiered Rates: Interest paid on tiered level based on balance levels
- Monthly maintenance fee: $10 if daily collected balance falls below $2,500
- Monthly transactions allowed: Federal Regulation D limits checks, telephone, online, overdraft and pre-authorized transfers to a maximum of six per month.
- Other monthly fees: $10 if the account exceeds Federal Reserve Regulation D limits.
- 24-hour online access: Yes
- Online Banking: Yes
- Monthly Statements: Yes
- Free Electronic Statements
- $5.00 per month if concurrently enrolled in Online Banking
- And especially Remote Deposit Capture: Yes, please visit Remote Deposit link for more information
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