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A tiered interest bearing account designed to pay higher interest rates on accounts maintaining larger balances.
- $15.00 monthly maintenance fee
- Maintain a $2,500.00 minimum daily balance to avoid monthly maintenance fee
- $500.00 minimum deposit required to open account
- Online & Mobile Banking with eStatements
- 24/7 Phone Banking
- Images provided with statement
- 4 interest rate tiers
$50,000.00 and above
$25,000.00–$49,999.99
$10,000.00–$24,999.99
$0.00–$9,999.99
Frequently Asked Questions
What is a Business Money Market account?
A Business Money Market account is a tiered interest-bearing savings option designed for businesses that maintain higher balances and want the potential to earn higher interest rates.
How does the tiered interest structure work?
Interest rates are tiered, meaning higher balances may earn higher rates. Tier thresholds and rates are established by the bank and disclosed at account opening. A banker can review current tiers and rates with you
Is there a monthly maintenance fee?
A monthly maintenance fee may apply if the account balance falls below the required minimum daily balance during the statement cycle.
Are there transaction limits or fees?
There is no limit to the number of withdrawals permitted and there are no fees assessed per transaction. Check writing is permitted but debit card access is prohibited.
What is the minimum deposit to open a Business Money Market account?
A minimum opening deposit is required and disclosed at account opening.
Does this account include online and phone banking?
Yes. Business Money Market accounts include access via Online & Mobile Banking, as well as 24/7 Phone Banking. Statement images are also provided.
