Business Money Market

  • This is an interest bearing account
  • Interest will be compounded monthly and will be credited to the account monthly
  • The average daily balance method is used to calculate interest for the account, which applies a periodic rate to the average daily balance in the account for the period
  • Requires a $50,000.00 deposit to open this account
  • You are limited to six (6) transfers from your account each four (4) week or similar period
  • By preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties
  • A $10.00 monthly service charge will be assessed if the balance falls below $50,000.00 at any time during the statement cycle
  • Contact your local branch for rate information