There is no fee for deposits of currency or coin, and no fee for making a deposit. Customers will be responsible for purchasing checks and deposit slips for the account. Ask any service representative to see a variety of styles and prices. The account earns interest based on the daily balance method. This method applies a daily periodic rate to the principal in the account each day.
Business checking transaction fees apply.
Your money market account will earn a variable rate of interest based on the daily periodic rate and the principal in the account each day. Rates are set periodically and may change at any time. Interest is compounded and credited to your account monthly, and for maximum benefits, interest begins to accrue on the business day you deposit non-cash items, such as checks. This includes transfers that are preauthorized, automatic, by telephone or computer, with no more than three by check, draft, debit card or similar order to third parties. Business Sweep Accounts Sweep accounts are helpful when you occasionally have large amounts of excess cash.