Business Money Market Account
This is an interest earning account that combines the need for a higher rate of return and the convenience of writing checks. An initial deposit of $2,500 is required to open this account. This account offers an interest earnings based on a tiered interest rate structure and allows up to six (6) withdrawals or transfers to another bank account of yours or to a third party by means of a pre-authorized, automatic transfer or telephonic order or instruction, whether initiated by check, draft or similar order to a third party per monthly statement cycle. A fee of $15 is applied to each withdrawal transaction in excess of the six (6) limitation. The low monthly service charge of $15 and .35 per debit fees are waived with a minimum daily balance of $2,500. If the account is closed prior to the regular statement date, no interest will be paid for the current statement period. A new account closed within 90 days will be charged $25. This account is available to Sole Proprietorships, Partnerships and Corporations.
- Competitive interest rate
- Up to six (6) checks per monthly statement cycle *
- Unlimited deposits and teller visits
- Interest earnings based on a tiered interest rate structure
- Free access to EZ Online Banking
- FDIC Insured
* We reserve the right to require 7 days prior notice to withdraw or transfer funds from the account.