Apple's Business Money Market Account is an interest-bearing alternative to maintaining high balances in a business checking or savings account. It provides business customers with a fully liquid investment account that features check writing privileges. In fact, as your balance increases, so does your earned interest rate. There will be no maintenance charge or penalty for withdrawals, when the minimum balance is maintained and you do not exceed check writing or pre-authorized transfer limits. Your Business Money Market Account pays a competitive, tiered interest rate.
Interest compounds daily and is credited monthly.
You will receive a statement each month that details all of the account's activity, including any interest earned. The statement also lists any maintenance and service charges assessed on your account, which may effectively reduce the interest earnings. When you establish either a Business Value Checking Account or Business Money Market Account, you are eligible to receive free Business Banking ATM Cards. Each Business Value Checking or Business Money Market Account can have this limited-function ATM card. Finding out current balances, what checks have cleared, and interest earned are just a few of the important account activity details available to you absolutely free.