Business Money Market
This flexible savings tool allows your business to make the most of its cash assets. The tiered interest rate structure can yield higher returns than a traditional savings account. Meanwhile, the money market includes the advantage of some direct check writing capacity.
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- Summary
- No monthly service fee with balance of $5,000 or more
- $10 monthly service fee if balance falls below $5,000
- Earns interest on balances over $5,000
- Tiered interest rate structure; higher rates for larger balances
- Interest paid monthly
- $5,000 minimum deposit to open
- Six withdrawals/transfers per month, three of which may be made to third parties
- $10 fee for each withdrawal in excess of six per month, or more than three to third parties
- Monthly statements with images
- FDIC insured
