For commercial clients that need an interest bearing checking account.
Our Business Money Market account is designed for businesses with large balances that want market-responsive rates and liquidity with a low minimum balance. Six transfers and/or withdrawals per monthly statement cycle or similar four-week period.
This account has a $1,000 minimum opening deposit requirement.
On Balances of $100,000+1
Minimum Daily Balance
or $1,500 average daily balance2
for the cycle month to avoid
$12 monthly maintenance fee
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1 Annual Percentage Yields (APY) are accurate as of: 10/20/2020. The rates and terms may change after the account is opened. Account fees could reduce earnings. Truth in Savings Disclosures are available upon request. 0.00% APY to balances $0-$2,499.99, 0.01% APY applies to balances of $2,500-$4,999.99, 0.01% APY applies to balances $5,000-$9,999.99, 0.01% APY applies to balances of $10,000-$24,999.99, 0.01% APY applies to balances of $25,000-$99,999.99, 0.05% APY applies to balances of $100,000 and up. Fees may reduce earnings. Rates and terms may change after account is open. First 25 deposited items are free, then $0.50 per item. This fee applies regardless of the balances maintained in the account. $0.01 minimum balance to obtain APY.
2The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.