Business Money Market Accounts
Get the best of both worlds. Money Market accounts offer the liquidity you need and the higher dividends you want. Plus, you can use these accounts as an overdraft source for your business checking accounts.
Business Money Market Plus
| Business Money Market Plus |
| Balance |
Dividend Rate |
Annual Percentage Yield |
Dividend Rate with Business Checking and Direct Deposit |
Annual Percentage Yield with Business Checking and Direct Deposit |
| $150,000 or more |
2.375% |
2.400% |
2.470% |
2.500% |
| from $100,000 to $149,999 |
2.130% |
2.150% |
2.228% |
2.250% |
| from $50,000 to $99,999 |
2.130% |
2.150% |
2.228% |
2.250% |
| Less than $50,000 |
|
| Dividends are calculated daily and paid monthly. 6 withdrawal transactions* per month allowed, with a maximum of 3 checks per month written on this account. Checks in excess of 3 per month will not be paid and a return fee of $25 is assessed per check. In addition, an Excess Check Writing fee of $10 will be assessed per month when more than 3 checks are written. | |
No Minimum Monthly Balance Fee
What happens if your balance falls below the $50,000 minimum deposit? Your account will simply receive the current Business Money Market dividend rates.
Business Money Market Account
| Money Market Account |
|
Balance |
$2,500 to 9,999.99 |
$10,000 to $24,999.99 |
$25,000 to 49,999.99 |
$50,000 to 99,999.99 |
$100,000 to $149,99.99 |
$150,000 or more |
|
Dividend Rate |
0.200% |
0.499% |
0.898% |
1.347% |
1.740% |
1.940% |
|
Annual Percentage Yield |
0.200% |
0.500% |
0.900% |
1.350% |
1.750% |
1.950% |
| $6 monthly service fee waived if you maintain a minimum daily balance of $2,500. Dividends are calculated daily and paid monthly. The Annual Percentage Yield is accurate as of March 20, 2008. Rates are subject to change without notice. | |
*6 maximum withdrawal transactions per month include a maximum of 3 checks being written, overdraft, withdrawal by telephone, through Online Banking, Call-24, ACH debit, or allocation transfers. You may make unlimited withdrawals in person, at ATMs, by written withdrawal request delivered by mail or messenger, or by telephone request to mail a check payable to you at your address on file with us.