BUSINESS MONEY MARKET SAVINGS
Tackle planned and unplanned expenses with a higher rate.
- HOME
- BUSINESS AND AGRICULTURE
- BANK
- SAVINGS
- BUSINESS MONEY MARKET SAVINGS
Get the bank account for business owners seeking higher yields.
Make your deposits work harder for your business by investing in our Business Money Market Account. With competitive, tiered interest rates and six free withdrawals per month, this higher-yield account gives you the flexibility to tackle both planned and unplanned expenses while earning more than a typical savings account.
- $10,000 opening deposit
- $10 monthly service fee waived with $10,000 average monthly ledger balance
- Interest applied to all funds on deposit based on available daily balance*
- Interest compounded and credited to your account monthly
- Six (6) free withdrawals per month**
*Interest rate may change at any time.
**$10 excess withdrawal fee assessed for each withdrawal over six (6).
Business Money Market Tiers
| BALANCE | Rate | APY |
|---|---|---|
| $1 - $10,000 | 0.08% | 0.08% |
| $10,000 - $99,999 | 0.11% | 0.11% |
| $100,000 - $249,999 | 2.20% | 2.22% |
| $250,000 and over | 2.45% | 2.48% |
*APY - Annual Percentage Yield is effective as of December 19, 2023. Rates are subject to change. Minimum balance to open this account is $10,000.00. If a $10,000.00 average ledger balance is not maintained during the monthly cycle, a $10.00 monthly service fee will be assessed. Interest Rate paid based on the available balance each day of the month. Interest will be paid on your daily account balance as follows: If your daily balance is $10,000 or less, the interest rate paid on the entire balance will be 0.08% with an APY of 0.08%. If your daily balance is $10,000-$99,999, the interest rate paid on the entire balance will be 0.11% with an APY of 0.11%. If your daily balance is $100,000-$249,999, the interest rate paid on the entire balance will be 2.20% with an APY of 2.22%. If your daily balance is $250,000 or greater, the interest rate paid on the entire balance will be 2.45% with an APY of 2.48%. Interest is compounded monthly and credited to the account monthly. Six (6) free withdrawals each month. Withdrawals over six (6) during the month are subject to a $15.00 Excess Withdrawal fee per withdrawal.
COMPETITIVE TIERED RATES
Tiered interest account rewards larger balances with higher rates.
COMPOUNDED INTEREST
Interest compounded and credited monthly.
FLEXIBLE ACCOUNT ACCESS
Enjoy easy access to your funds and direct check writing.
24/7 DEPOSIT
Make deposits any time or set up direct deposit.
