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Tiered Commercial Money Market Account

A tiered interest bearing account with limited transactions, that earns a competitive rate of interest. Rates have four tiers:

Balance Interest
$999.99 & below No interest
$1,000.00 to $24.999.99 Current rate
$25,000.00 to $99,999.99 Current rate
$100,000.00 to $499,999.99 Current rate
$500,000.00 to $999,999,999.99 Current rate

Interest Rates

Features

  • Interest rate is subject to change daily
  • Interest accrues daily and pays at monthly statement cycle
  • Free direct deposit
  • Funds in the account earn interest regardless of daily balance
  • Unlimited deposits may be made with no charge
  • Free Online Banking
  • Free E-Statements

Benefits

  • Your funds earn competitive current rates
  • Your interest earned is available monthly for additional income
  • Saves trips to the bank
  • Your funds are available for your use while continuing to earn interest
  • You control the amount of interest you earn by the funds you deposit
  • Provides immediate access to funds while you earn interest
  • Offers added security
  • No set maturity date

Details

  • Minimum opening deposit of $1000.00
  • Minimum balance fee of $10.00 if the account falls below $1000.00 any day during the statement cycle
  • Service charge for each additional withdrawal in excess of 6 for each monthly statement cycle of $5.00 per debit

Eligibility

This account is available to sole-proprietorships, partnerships, corporations and non-profit accounts.