Our Business Money Market Account allows you to earn a highly competitive rate of interest on funds not currently in use in your business. If you maintain this requirement, with either the minimum or average balance, there is no monthly maintenance fee. If your balance falls below the requirement in any month, you will be charged a low maintenance fee. Federal regulations permit transfers from a Money Market account to another account or to third parties by pre-authorized, automatic, or telephone transfers and are limited to six per statement cycle with no more than three by check draft, debit card, or similar order to third parties. You can earn interest while maintaining full access to your funds with our Business Savings account.
Interest is compounded daily and paid monthly.
The interest rate on this account is subject to periodic adjustment based on market conditions. For the current rate, see our service charge brochure, or ask your personal banker. For details on how your organization can qualify for this account, simply speak with one of our personal bankers.