Business Money Market Accounts
Designed for businesses that want to earn a higher dividend yield with daily liquidity.
Business Money Market Account
No monthly maintenance fee with a $2,400 daily minimum balance.
Business Money Market Plus Account
No monthly maintenance fee and higher yields with a $10,000 daily minimum balance.
For both Business Money Market Accounts, the following apply:
- Monthly fee of $10 and a reduced dividend rate if the daily balance falls below the minimum
- First 50 items deposited are free each month; $0.50 for each one after 50
- Dividends will be compounded monthly and credited monthly
- Dividends are calculated by the daily balance method, which applies a daily periodic rate to the account balance each day
- During any statement period, you may not make more than six withdrawals or transfers to another account of yours or to a
third party by means of a pre-authorized or automatic transfer or telephonic order or instruction. Transfers made by check, draft, debit card, or similar order to a third party will also be counted towards this transaction limitation. For every withdrawal or transfer over the stated limit, your account will be subject to a fee.