Business Money Markets
Put your money to work.
Business Money Market Account
Our Money Market Account is a high-yield interest-bearing money market account. The account is tiered, so the more you save, the higher the rate of interest you will earn. Money Market accounts are perfect for customers with limited check-writing needs who want to earn a competitive interest rate.
Unlimited ATM and in-branch withdrawals. You can also make up to six free withdrawals or transfers by pre-authorized, automatic, or telephone per month (statement cycle).
- $10 monthly service charge, waived with $2,500 average daily balance.
- Interest bearing
- Tiered rate of return
- Unlimited access to funds via branch
- $50 minimum opening balance
- $10 fee on each withdrawal that exceeds limits
The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest will be compounded daily and credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. We will use an interest accrual basis of 365 for each day in the year. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Fees could reduce the earnings on the account.
†APY=Annual Percentage Yield.
Withdrawals or transfers to another account or third parties by pre-authorized, automatic, or telephone transfers are limited to six (6) per statement cycle, which includes by check, draft, debit card or similar order to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. For each additional withdrawal, an excessive withdrawal fee of $10 will be applied at the end of the statement cycle.