Business Money Market
Earn interest on your excess business funds at the prevailing market rate.
Earn interest on your excess business funds at the prevailing market rate. There is a $2,500 minimum opening deposit and as long as you maintain this minimum balance, interest is earned daily. If the balance falls below $2,500, a monthly service fee of $8 is charged and no interest is earned for the statement period. Activity fees are $.30 per check or debit paid and $.15 per deposit item. There is a regulatory limit of 6 preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions from your account per month or statement cycle. An excessive transaction fee of $5 per item will be charged for all preauthorized transfers or withdrawals over the limit. In-person and ATM transfers or withdrawals are not included in this limit.