Business Money Market Accounts
Money Market Deposit Account
- Minimum balance to open this account is $1,000
- There is a service charge fee of $10 if balance falls below $1,000. No service charge for accounts with balances above $1,000
- Variable rate set by management and subject to change at any time
- Transactions limited to six transfers and/or withdrawals from the account during the statement cycle by check, draft, debit card or similar order to a third party
- Account Balance Tiers
Tier1:$1,000-$9,999.99
Tier2:$10,000-$99,999.99
Tier3:$100,000 + - Minimum balance to obtain the disclosed annual percentage yield is $1,000
Money Market Investment Account
- Minimum balance to open this account is $25,000
- There is a service charge fee of $15 if balance falls below $25,000. No service charge for accounts with balances above $25,000
- Variable rate set by management and subject to change at any time
- No check writing allowed on this account-limited to six transfers and/or withdrawals from the account during the statement cycle
- Account Balance Tiers
Tier1:$0-$24,999.99
Tier2:$25,000-$99,999.99
Tier3:$100,000 + - Minimum balance to obtain the disclosed annual percentage yield is $25,000.
We reserve the right to at any time require not less than 7 days notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D.